Italian austerity plans weighted down rating tensions

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Source: Marketwatch
© Scanpix/reuters

Italian austerity measures announced by Mario Monti, PM, eased pressure on Italy's credit rating, according to Fitch Ratings. The outlook of Italy's A-plus rating stays negative indicating the necessity to implement structural reforms but the country is seeking to execute fiscal consolidation to rectify economic difficulties, the agency added.

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Thu, 08 Dec 2011 14:31:33 GMT

Venezuela brings back its gold reserves

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Thu, 08 Dec 2011 14:28:29 GMT

Russian PM Vladimir Putin blames US in election protests

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