Glum pickings: Italys credit downgraded by Moodys, euro slips

5th October 2011, Comments 0 comments GENEVA, SWITZERLAND - Europe’s financial outlook is gloomy today: Italy’s economy slipped another notch late Tuesday 4 October, Greece was refused another loan by the European Union, and the euro fell in early Wednesday trading in Asia. Moody’s downgraded Italy’s government bond rating from Aa2 to A2 and gave a negative outlook because of long-term [...]

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