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By Marlene Y. Satter, AdvisorOne |
October 24, 2012
Leaders of EU countries will review a plan to broaden supervisory duties for the ECB to countries outside the joint currency, as complaints from non-euro countries about possible disadvantages to them are addressed.
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By Marlene Y. Satter, AdvisorOne |
December 22, 2011
Hungary was downgraded to junk for the second time in a month, this time by S&P, after Moody's took a similar action previously, but markets reacted little to the news.
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November 25, 2011
Moody’s Investors Service cut Hungary’s rating from its lowest investment grade to junk on Thursday, with a negative outlook, despite the country’s appeal to the International Monetary Fund for help last week.