Posts Tagged ‘European’

RANsquawk European Morning Briefing – Stocks, Bonds, FX etc. – 13/07/10
A Chinese credit rating agency downgraded the U.S. sovereign debt rating to AA with a negative outlook, along with other major Western nations, while slamming its Western counterparts.

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ForexLive European Wrap: Sleepy Monday morning enlivened by EUR/CHF action
G20 responds to Europe debt issues with deficit goal BIS report: Crisis measures could become threat to recovery if not withdrawn in time Moody’s: Views Japan’s fiscal plan with a “positive nuance” Downward pressure on Japan rating may build if fiscal plan is not followed.

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European countries, IMF offer Greece $146 billion in loans
Eurozone members act to protect their currency. In exchange for the aid, debt-ridden Athens announces new austerity measures. European countries and the International Monetary Fund on Sunday threw Greece a lifeline worth a stunning $146 billion after the financially foundering nation unveiled a stinging program of spending cuts and tax hikes to reduce its enormous government deficit.

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