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Page last updated at 08:26 GMT, Tuesday, 6 December 2011

Peston: Timing of S&P's credit warning is 'shocking'

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The credit ratings agency, Standard and Poor's (S&P) is reviewing the credit standing of 15 eurozone countries including Germany, France whose leaders have agreed proposals for tougher budgetary controls.

Business editor Robert Peston explains the significance of the S&P's review.


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