A lot appears to be going right in Europe's markets, if you can ignore the recession

  • by: MATTHEW CRAFT , Associated Press
  • Updated: January 13, 2013 - 11:24 AM

NEW YORK - The big worry a year ago was that Greece would collapse under its debts, upend Europe's markets and set off a global financial crisis. But the world's most dangerous bond market turned out to be one of the world's best bets last year: Greece's government bonds soared 97 percent as the debt crisis eased. Across Europe, many of the region's stock markets outpaced those in the U.S.

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