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Moody's Warns Euro Zone Core

Tuesday, 24 Jul 2012 | 1:00 AM ET

Moody's has lowered its outlook for Germany from negative to stable. The ratings agency cited several factors behind the move including the increased possibility of Greece leaving the euro zone and the need for financial support for Spain and Italy. It also changed its position on the Netherlands and Luxembourg. Silvia Wadhwa has more on the reaction from Berlin.