Europe Launches $648 Billion Aid Fund

European governments set up a full-time 500 billion-euro ($648 billion) fund to aid debt-swamped countries and, not for the first time in the three-year crisis, expressed confidence that the financial muscle won’t be needed anytime soon.

Why Moody's Downgraded China to A1
24:01 - Moody's Investors Service cut its rating on China's debt, saying that the outlook for the country's financial strength will worsen as debt rises and economic growth slows. Moody's Associate Managing Director Sovereign Risk Group Marie Diron speaks on "Bloomberg Markets." (Source: Bloomberg)
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