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europe debt crisis, eurozone
(Image from article: "European debt crisis spreads, raising danger of currency collapse")

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Euro zone to back Portugal aid, IMF deputy attends

Euro zone finance ministers are ready to back an EU/IMF bailout of Portugal at a Monday meeting overshadowed by the arrest of International Monetary Fund chief Dominique Strauss-Kahn on sexual assault charges.

 

S&P Downgrades Portugal, Greece

Ratings agency Standard & Poor's downgraded two of the euro zone's most troubled member states, citing fears that the pair may have to restructure their debt after 2013.

 

EU strikes $670 billion crisis deal

EU strikes $670 billion crisis deal

The European Union agreed on a 500 billion-euro ($670 billion) emergency fund in the early hours of Monday to protect highly indebted eurozone countries from the "wolfpack" of financial markets.

 

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