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2011.11.2307:07:00UTC+00Recession Will Put Euro Zone Rating Under Pressure Warns S&p

News

  • S&P said today that any recession in euro zone will put pressure on block's rating
  • David Beers of S&P said that he expects ECB and various European govt. to adopt some "accommodative stance"
  • He warned that recession large part of euro zone is unavoidable if yields keeps rising

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