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This article discusses Greece and Italy's debt and the recent economic downturn in Europe in fear of bankruptcy in Greece and other countries. This article discusses the bailouts put into place and how investors are reacting to the economy.

This article addresses international debt, stating that Europe's leaders need to focus more on steady implementation of finance reform.

Fitch's credit rating agency has recently upgraded Greece's credit rating out of restricted default after Athens carried out the biggest debt write down in history. This involved trading bonds with private investors to capitalize.

BBC News Investors fear there may be more trouble ahead for Greece Late on Friday night the International Swaps and Derivatives Association (ISDA) declared Greece's latest deal with its private lenders to be a "credit event".

The article discusses the circumstances surrounding Greece's latest plan of cutbacks in both pensions and public sector jobs in order to try to restore the economy.