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Egan-Jones rating agency downgrades Germany
CBS News – Egan-Jones credit ratings agency says it has downgraded Germany by one notch from AA- to A+ and has issued a negative watch for the country’s sovereign debt amid Europe’s lingering debt crisis. The U.S. company cited Germany’s implicit debt stemming from different mechanisms stabilizing the 17-nation eurozone as the main reason for its decision. Read article
Tags: 2nd Great Depression, debt wealth, Europe
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