Italy downgrade and Greece must cut public sector to avoid defaulting on debts

Standard and Poor's downgraded its rating on Italy from A+/A-1+ to A/A-1 in a surprise move that adds pressure on the debt-hit euro zone.

Source: http://www.dailymail.co.uk/news/article-2039438/Italy-downgrade-Greece-cut-public-sector-avoid-defaulting-debts.html?ITO=1490

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