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Euro Monitor
Current developments:
It is astonishing that the euro has not fallen more at its opening in Asia. The currency’s fortunes may well deteriorate as the day progresses.
The European Financial Stability Facility’s credit rating was downgraded by one notch by S&P. Not good news for the euro.
Greece remains at center stage of the crisis.
Greek Prime Minister Prime Minister Lucas Papademos considers exiting the euro zone unthinkable and impractical.
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