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EU Barroso: Deeply regret timing, size Moody's Portugal downgrade Moody's move on Portugal fuels speculation; Portugal should stick with current fiscal plan Portugal 10-year spread extends widening by +110bps vs Bunds to fresh record high at +987bps.
GREECE: PM George Papandreou is pressing his ministers to redouble their efforts over the summer so that the bulk of a new raft of austerity measures and reforms can be implemented by September, according to English language website Kathimerini.
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