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    HomeNewsWorldItaly & Greece down; is the Eurozone debt bomb ticking?

    Italy & Greece down; is the Eurozone debt bomb ticking?

    The doubts about Europe's ability to manage its debt hammered global markets on Monday. The European equities sank to the bottom, their lowest in more than a month post the rating agencies lowered their credit outlook on Italy and Greece.

    May 23, 2011 / 20:49 IST

    The doubts about Europe's ability to manage its debt have escalated post downgrades by rating agencies. The European equities sank to the bottom, their lowest in more than a month post the rating agencies lowered their credit outlook on Italy and cut Greece's ratings.

     

    Standard & Poor's surprised the street by revising its outlook for Italy to "negative" from "stable.

    first published: May 23, 2011 08:28 pm

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