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The International Monetary Fund (IMF) has cut its growth forecasts for Asia over worries about eurozone debt and new fears for the US economy.
The French and German leaders have held another crisis summit on the Euro in Berlin as the EU’s lead pair attempt to speak with one voice.
The European debt crisis continues to bite — late on Friday the Fitch agency downgraded Italy’s sovereign credit rating to A+, it was the first such cut for Italy in nearly 20 years.
German Chancellor Angela Merkel on Wednesday said her government would recapitalise banks if required, but stressed that Europe must agree uniform criteria for doing so.
Inflation in the 17 countries that share the euro unexpectedly rose in September to three percent.
Angry civil servants demonstrating against austerity measures blocked Greek government buildings for a second day on Friday.