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Downgrade of Spain Pushes Markets Lower

Downgrade of Spain Pushes Markets Lower

Fitch cut Spain’s credit rating, saying that the country’s debt will probably weigh on the country’s growth.

 

Spain parliament backs austerity by one vote

Spain's governing Socialists won approval for a 15 billion euro ($18.4 billion) austerity package by just one vote on Thursday, avoiding a defeat that would have rattled markets and potentially brought down the government.

 

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