By: Patrick Allen CNBC Senior News Editor: The European Central bank pumps billions into the European banking system to avert a fully-fledged liquidity crisis. Countries like Spain and Greece are imposing severe austerity measures onto angry voters to avoid a run on their debt markets. People from across the world are fretting over a double-dip recession and worrying about whether they will have a job by the end of the year.

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Disclaimer: MGN is short the Euro