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Europe Daily Bulletin No. 10413

7 July 2011
GENERAL NEWS / (ae) eu/portugal
Give Portugal chance to apply programme

Brussels, 06/07/2011 (Agence Europe) - The European Commission, on Wednesday 6 July, was highly critical of the downgrading of the rating of the Portuguese sovereign debt by American ratings agency Moody's, which made Portugal the second country, after Greece, to be placed in the “junk” category. European Commission President José Manuel Durão Barroso “deeply regrets” the timing and the “magnitude” of the decision. “Portugal has just started to implement a medium-term...

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