Economic Storms


Moody’s cuts Italy credit rating three notches to A2, blames Euro woes, negative debt outlook. Wider Greek write-down mooted.

But: EU bank plan shores up Europe’s stocks Wed.

Asian markets down on news, following Wall St. volatility Tues.

Earlier: Bernanke warns U.S. recovery “close to faltering.”

Related Topics: bernanke, economy, Euro, greek debt, Italy, Moody's, ratings, Business, Economy, News, The Page

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