NEW YORK (Reuters) - Stocks fell on Wednesday as Portugal's credit rating downgrade and a weak Treasury note auction stirred concerns about sovereign debt...
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Comment: It is not only Greece or Portugal that are close to bankruptcy. For many other governments, not only of the PIIGS, the same fate looms at the horizon. All it takes to bring the debt pyramid down is a slight increase in interest rates as the result of rising inflation rates or even only their expectation.
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