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Greece's Junk Contagion Pressures EU to Broaden Bailout

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IN THE HOLE, BUT VALIANTLY STILL DIGGING
"Europe’s worsening debt crisis is intensifying pressure on policy makers to widen a bailout package beyond Greece after a cut in the nation’s rating to junk drove up borrowing costs from Italy to Portugal and Ireland," according to Bloomberg. "The danger for European officials is that the fiscal turmoil which started six months ago with fudged Greek budget data will spin out of their control."
SOURCE:   Bloomberg

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