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S U B S C R I B E
Friday, 18 May, 2012
Business Report: Spanish banks downgraded
World stock markets fell for a fifth day as Moody’s downgraded the credit ratings of 16 Spanish banks. Henk Potts has the latest. The economy is set to contract by about 1.7 percent this year amid the highest unemployment rate in the eurozone. Meanwhile, in Greece, people are pulling their money out of their bank accounts:
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