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default, europe debt crisis
(Image from article: "France Vows 'Whatever it Takes' to Rescue Greece")

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France Vows 'Whatever it Takes' to Rescue Greece

France Vows 'Whatever it Takes' to Rescue Greece

France is ready to do whatever it takes to rescue Greece, the government said, and urged the debt-laden euro-zone member to swiftly implement the July 21 plan to prevent bankruptcy.

 

Greece credit rating cut by S&P

Standard & Poor's cuts Greece's credit rating, saying eurozone plans to restructure the country's debts would constitute a default.

 

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