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1.Market Observations

25 July 2012 (AFR) – Germany’s AAA status under threat

(25 July 2012, AFR, p11, Jamie Dunkley, London, The Telegraph)

Germany’s AAA rating under threat after Moody’s cuts outlook

‘Germany’s prized AAA credit rating was put under threat on Monday night after a day of turmoil across the global markets.’

‘Moody’s warned the outlook for the ratings of Germany, Luxembourg and the Netherlands is negative because the threat of a Greek exit from the eurozone and the need for greater financial support for struggling eurozone countries from the strongest members of the bloc.’



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