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Wednesday, January 11, 2012

''Euro hits 16-month low after Fitch warns of collapse''

read more from reuters...


"A Fitch ratings agency warning of dire consequences for the euro if the ECB does not take more action added fuel to an already bearish euro climate.
The ECB should ramp up its buying of troubled euro-zone debt to support Italy and prevent a "cataclysmic" collapse of the euro, said David Riley, the head of sovereign ratings for Fitch."

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