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361. Moody's Downgrades 28 Spanish Banks
The international ratings agency Moody's on Monday further downgraded 28 Spanish banks of up to four notches, saying that its lower creditworthiness "not only affects the government's ability to support the banks, but also weighs on banks' stand-alone credit profiles."
362. Cyprus 5th Eurozone Nation to Ask for Bailout
Cyprus on Monday became the fifth eurozone country to seek a bailout, with the finance ministers of the common currency area saying they would "swiftly" study the request for money from Europe's emergency funds.
363. Oil in a Sharp Dive as Euro Spooks Markets
The oil price was set for its biggest weekly slump for more than a year today as further alarming signs of the impact of the eurozone crisis on global growth spooked markets.
364. Global Gloom as Wall Street Is Hammered
The storm clouds hanging over the global economy darkened last night as the chaos in the eurozone took its toll on the rest of the world.
365. Monti To Meet with Merkel, Hollande, Rajoy
The eurozone faces grave consequences if a summit of European leaders doesn't produce a long-term solution to the financial crisis, Italy's prime minister said.
366. Eurozone Leaders Urge Growth Boost, More Political Unity
The leaders of the eurozone's four largest economies said Friday they agree that measures to boost economic growth in the area should be a priority in order to solve the current debt crisis.
367. Spain to Apply for Bank Rescue on Monday
Spain will apply for eurozone aid for its banks on Monday, Economy Minister Luis de Guindos said Friday in Luxembourg, but described the letter as a "mere formality."
368. IMF Challenges Eurozone as Spain Prepares Bank Aid Request
The International Monetary Fund (IMF) on Thursday challenged the way the eurozone was trying to solve its crisis by calling for more action from the European Central Bank (ECB) and criticising the terms of an upcoming Spanish bank rescue.
369. Eurozone's Big Four Begin Crisis Talks in Rome
The leaders of the eurozone's four largest economies on Friday began crisis talks in Rome which are seen as crucial for preventing a possible collapse of the single currency.
370. Spanish Bank Shares Up Following Audits
Spanish banks on Friday made gains on the Madrid stock exchange, following the release of auditors' reports showing that their recapitalization needs could be met by the eurozone, after weeks of uncertainty.
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