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Brussels accord on the verge of collapse
h/t Instapundit
Some of the world’s most powerful investment banks were downgraded by ratings agency Fitch as Germany’s cherished European fiscal compact appeared to be unraveling.

The banks that were downgraded last night include US banks Bank of America and Goldman Sachs, Barclays and France’s BNP Paribas. Switzerland’s Credit Suisse and Germany’s Deutsche Bank were also cut.
Posted by: g(r)omgoru 2011-12-16
http://www.rantburg.com/poparticle.php?ID=335361