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Matthew West

Associate Editor, CNBC


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  • European Shares to Open Lower on Spain Worries Friday, 8 Jun 2012 | 1:35 AM ET
    Spain

    European shares were called to open lower on Friday, snapping a four-day rally, after Fitch ratings agency downgraded Spain’s sovereign debt by three notches to triple B, just above junk status, and the International Monetary Fund (IMF) was set to warn Spain’s banking system would need a bailout package worth 40 billion euros ($50 billion).

  • Tensions ahead of fresh elections in Greece on June 17 spilled over in a televised political debate on Thursday when a spokesman for the far right Golden Dawn party physically attacked two female members of parliament from opposing political parties throwing water at one and punches at another.

  • Spain

    European shares were called to open higher on Thursday on fresh hopes that German and European Union officials are exploring ways to rescue Spain's debt-stricken banks, although Madrid has not yet requested assistance.