Complete Collapse: 'EU on wing and prayer, hoping for tooth fairy' [Patrick Young © RT]

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Almost junk - that's the grim verdict on Spain's credit rating coming from the influential agency Standard and Poor's. In the latest blow to the cash-strapped economy, S&P downgraded Madrid's debt score by two notches. For more, RT talks to Patrick Young, the executive director of investment consultancy DV advisors.

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