Australia PM downplays US debt downgrade fears (AFP)
12:28 AM | Author: Inhiptwit36

Australian Prime Minister Julia Gillard, pictured, has sought to calm public nerves over global debt woes after Standard & Poor's cut the United States' credit rating for the first time in history.(AFP/File/Torsten Blackwood)AFP - Australia's prime minister warned against over-reacting to the Standard & Poor's downgrade of US debt, pointing out that the two other key agencies still rated US Treasuries at top grade.


Source: http://us.rd.yahoo.com/dailynews/rss/oceania/*http://news.yahoo.com/s/afp/20110806/ts_afp/australiauseconomypoliticsdebt

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