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Debt Ratings Are Lowered for Portugal and Greece

Debt Ratings Are Lowered for Portugal and Greece

The move by Standard & Poor’s on Tuesday deepened Europe’s debt crisis, and investors sold off government bonds amid fears of a default.

 

Europe Closing In on Plan to Avert Greek Debt Crisis

European leaders were close to agreement on measures aimed at persuading jittery investors that Greece will not be allowed to default.

 

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