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Saturday, July 23, 2011

'Greek default hype part of Euro vs Dollar global currency war'.

RussiaToday on Jul 22, 2011 - A major U.S. credit agency says it will downgrade the Greek debt to 'default status' as a result of the second bailout for the country. The plan agreed by EU leaders, includes both government and private loans totaling around 150 billion euros. For a broader discussion on the state of the European economy we're joined live from Germany by William Engdahl, author of 'Gods of Money'.