Bloomberg News

U.S. Stocks Drop on Report of German Concern Over Greek Bailout

October 26, 2012

U.S. Stocks Drop on Report of German Concern Over Greek Bailout

A sign for Wall St. is displayed in front of the New York Stock Exchange (NYSE) in New York. Photographer: Scott Eells/Bloomberg

U.S. stocks extended losses as German Finance Minister Wolfgang Schaeuble reportedly said there are doubts about whether Greece will be able to meet requirements for its European bailout.

The Standard & Poor’s 500 Index slipped 0.5 percent after fluctuating earlier following better-than-estimated U.S. economic growth.

“Doubts persist as to whether Greece has been able to meet its obligations,’’ Schaeuble said in an e-mail release of an interview be broadcast Oct. 30 on ZDF television. These doubts have to be dispelled from now on.”

To contact the editor responsible for this story: Michael P. Regan at mregan12@bloomberg.net


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