NYTIMES/ Now that Greece has submitted its third plan to raise taxes and cut spending, this time by $6.5 Billion USD, some banks and hedge funds are looking at the other indebted nations in the so-called "PIIGS" group-- like Portugal, Spain or Italy to use to bet against the euro. The debt crisis may also change the financial and political balance of power in Europe with likely rescuers Germany and France soon dictating fiscal policies.
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