By Tony Stevenson/SWBC Mortgage
Economic News Week: June 27, 2011
The DOW industrials dropped for the seventh time in eight weeks, falling 115.42 points, or 1% to 11,934.58, amid worries-once again about Greece and Italy regarding their own economic troubles. EU President Herman Van Rompuy said they were nearing approval on a new rescue program to take Athens until the end of 2014. President Barak Obama has joined talks regarding our own debt issues at the urging of both sides of the isle to head off a crucial debt ceiling expiration which could cause dramatic economic conditions here and abroad.