By: Steve Inskeep and Sylvia Poggioli
December 5, 2011
Standard and Poor's on Monday warned eurozone countries that it may downgrade their credit ratings if they don't get their fiscal houses in order. Debt-ridden Italy is too big to fail, and too big to be bailed out by its EU partners. Its technocrat-in-chief Mario Monti hopes a new package of austerity measures will rein in debt and reassure the bond markets.
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