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Stocks around the world tanked after ratings agency Standard & Poor's downgraded Greek bonds Tuesday to junk status, AP reported. Major European exchanges fell more than 2.5%. Stocks on Wall Street had the biggest percentage fall in nearly 3 months. EU President Herman van Rompuy said Wednesday that negotiations on a rescue package for Greece are "well on track" and he plans to hold a summit around May 10 for Eurozone leaders.
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