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Governments welcome debt deal, still worry about ratings

SYDNEY (Reuters) – Japan and Germany welcomed news of an 11th-hour deal to avoid a U.S. government default on Monday, but officials in both countries said Washington must do more to deal with its huge debt burden and the threat of a cut in its credit ratings. Japan, second to…

Greece builds on vote victory in race to cut and privatize

ATHENS (AFP) – Greek ministers raced on Wednesday to meet a two-week deadline for budget cuts in return for EU-IMF cash to pay current bills and contain the eurozone crisis, hours after winning a confidence vote. While the government managed to prevent any defections as it won the confidence motion…

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