European Woes Aggravate

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There seems to be no respite from the current debt woes in the Eurozone, with a German government spokesman indicating that European leaders would not be able to fulfill “dreams” of a quick end to the debt crisis in the region at the 23 October 2011 summit.

Moody's Investors Service’s warning of a possible negative outlook on French “AAA” credit rating, and Portuguese government’s forecast of its Gross Domestic Product (GDP) shrinking more than its earlier estimate, have further highlighted investor concerns.

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European Woes Aggravate

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