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To: ChanceIs who wrote (156802)9/11/2011 6:31:14 PM
From: Dennis Roth  Read Replies (1) | Respond to of 206093
 
Fitch warns of downgrades for China, Japan
reuters.com

Reuters) - Fitch Ratings warned on Thursday that it might downgrade China's credit rating within two years as the country's banks struggle with debt loads following a lending surge to help lift the economy during the 2008 financial crisis.
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To: ChanceIs who wrote (156802)9/15/2011 12:20:00 PM
From: ChanceIs1 Recommendation  Respond to of 206093
 
Riots as Italy votes for new 54billion euro austerity package


by Martin Newman, Daily Mirror 15/09/2011

RIOTS erupted in Rome last night as the Italian government voted for massive cuts in an effort to rescue the nation’s ailing economy.

Smoke bombs, stones and even a cow’s lung were hurled at police in clashes outside parliament.

Several baton charges were needed to clear the area as news came that PM Silvio Berlusconi’s right-wing coalition had passed the €54billion austerity package, which will see tax rises and spending cuts.

As Italy teeters on the edge of a Greek-style financial crisis, with £1trillion debts, Berlusconi is being investigated over an alleged sex blackmail plot.

His only comment to reporters as he left was “invent less fairytales” but many suspect he is not up to the job as he faces court trials.