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Authorities had hoped the money would ease the credit pressure on European banks so they would start lending again to the wider economy.
Several MEPs credit pressure from several governments sensitive to car industry demands – and some trades unions – with splitting socialist and liberal groupings in parliament.
Liberty's plan to raise up to $2 billion of bank debt at its QVC television shopping business "contributes to the credit pressure," Moody's said.
According to Merrill Lynch, it now relies on its home market for only 47% of sales.It is, however, this push beyond Europe that explains the credit pressure on the industry.
Steven Weiting, an economist at Citigroup, predicted a half a percentage point reduction as well, saying that credit pressure resulting from panic over soured subprime loans was continuing to build.
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Fiat might be on course to creating one of the biggest carmakers in the world after sealing a partnership with Chrysler last week, but rating agencies still aren't impressed with its short-term credit pressures.
A6 Kenyan Praises Foreign Role Kenya's top opposition leader credited pressure by the European Union and the United States with persuading the declared winner of Kenya's flawed presidential election to agree to a coalition government.
He credits pressure from E.U. officials and the upcoming parliamentary elections this summer for prompting Borissov to remove Petrov and Ignatov.
Champ credited pressure from Canadian, US, and United Nations officials for what he called "a fair trial".
The easy credit reduced pressure on countries to enact the kinds of reforms that Germany now says are needed.
Or does the contraction of credit and pressure on consumers and companies mean that it is much harder for a business to get started?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com