US downgrade: a mere sideshow

Lex comments on the US debt downgrade and the real problems: Italy and Spain, who need EUR 840 billion for the next year...

Financial Times, 5:16pm Sunday 7th August 2011
US downgrade: a mere sideshow
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Ignore the immediate market reaction to the first downgrade of US credit – there is bound to be a knee-jerk response

Read the full article at: http://on.ft.com/ozp2w8

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