Spain downgraded, Europe debt crisis widens: "Berlin: Europe's debt crisis mushroomed Wednesday as Spain saw its credit rating lowered, just as Germany sought to reassure nervous investors that Greece would not be allowed to go under, saying Berlin's share of a key aid package could be approved in the next few days.
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Stock and bond markets had begun to regain their composure after stinging downgrades of Greece and Portugal the day before, when Standard & Poors delivered more bad news by cutting Spain's rating to AA from AA amid concerns about the country's growth prospects following the collapse of a construction bubble"
Wednesday, April 28, 2010
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