Move by ratings agency Fitch ends three-day rally on Wall Street and raises fears about the health of Europe’s banks Moody’s downgrade threatens to increase Italy’s cost of borrowing and will add yet more pressure to European finance ministers. Photograph: Gregorio Borgia/AP The eurozone crisis intensified on Friday when Spain and Italy were downgraded by the ratings agency Fitch, heightening fears over the health of Europe’s banks….
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on October 12, 2011. Filed under News.
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on October 12, 2011. Filed under