No swift solution to Europe’s sovereign debt crisis


London/ New York Session No swift solution to Europe’s sovereign debt crisis With the US out on holiday the focus has been squarely on Europe. First Portugal’s credit rating was downgraded to junk status by Fitch, second, German bond yields continue to rise after yesterday’s ”failed” bond auction and lastly there was a much-anticipated German, Italian and French joint press conference. The biggest event of the day so far was the press conference post the lunch meeting between Germany’s Angel

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