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S&P Announcement Puts Pressure on European Markets

European stocks dropped following Standard & Poor 's threat to downgrade 15 Euro zone countries.

(Reuters) - European stocks and the euro slid and most bond yields rose after the threat from rating agency Standard & Poor's to downgrade euro zone countries en masse if no credible plan to solve the debt crisis emerges at a summit later this week.

The unprecedented warning also brought to a halt a rally in global equities that began last week, with the MSCI world equity index .MIWD00000PUS down about 0.3 percent.

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Coronavirus

Why U.S. Vaccine Diplomacy In Latin America Makes "Good" Sense

Echoing its cultural diplomacy of the early 20th century, the United States is gifting vaccines to Latin America as part of a renewed "good neighbor'' policy.

Waiting to get the vaccine in Nezahualcoyotl, Mexico

Andrea Matallana

-Analysis-

BUENOS AIRES — Just before and during World War II, the United States' Good Neighbor policy proved a very effective strategy to improve ties with Latin America. Initiated by President Franklin D. Roosevelt, the policy's main goal was non-interference and non-intervention. The U.S. would instead focus on reciprocal exchanges with their southern neighbors, including through art and cultural diplomacy.

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