European Nations Get Downgraded

January 15, 2012 By Leave a Comment

Well it’s official;

Stock markets and the single currency fell sharply as Standard and Poor’s cut France’s AAA rating.

Italy saw its long-term rating drop by two notches, along with Spain, Portugal and Cyprus. Austria, Malta, Slovakia, and Slovenia had their ratings lowered by one notch.
– The Telegraph

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  4. US Banks Heavily Exposed to Europe Debt
  5. Citigroup Warns of “Unprecedented” Fiscal Crises
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