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Wednesday, 18 January 2012

Chinese are also concerned about Euro

A Chinese rating agency has warned that foreign confidence in the euro collapses and the European debt crisis could spiral into a currency crisis by the end of the year. Dagong Global Credit Rating, doesn't speak for the Government, and has made headlines before in twice downgrading the US sovereign rating, said in its annual outlook that the US would remain a safe haven this year while Europe would court disaster.

 A close up shot of a 1 euro coin

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