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Tuesday, July 24, 2012

Moody's warns AAA eurozone countries.

 Moody's has lowered its outlook on Germany, Holland, and Luxembourg to Negative, while affirming Finland's Stable outlook and AAA credit rating. The agency cited the usual fears related to the eurozone's debt crisis, along with the "increasing likelihood that greater collective support" will be needed for Spain and Italy. Germany hit back, pointing out that it has exceptionally low borrowing costs

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