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Referendum talk weighs down markets

DEBT stricken Greece’s plans to hold a referendum on the recent bailout announced by European leaders last week has resulted in markets sliding on fears the country could default, with the Australian Securities Exchange set to extend yesterday’s losses in trade today.

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The SPI 200 futures index was down 1.5% or 61 points to 4170. Late last week, European leaders agreed to boost the region’s rescue fund to $A1.32 trillion but Greek Prime Minister George Papandreou...

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