Fitch downgrades 5 eurozone nations

28 Jan 2012 | 11:26 AM

The downgrade came after European financial markets had closed. Fitch said that its decision was based on the deteriorating economic outlook in Europe, a concern that Europe's bailout fund is not large enough and a belief that European leaders are not acting quickly or boldly enough to prevent the debt crisis from worsening.

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Fitch downgrades 5 eurozone nations

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