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Splintering and dissent continues in a major way as Christian Noyer, head of the Bank of France, attacks the fiscal rating of the UK following a negative outlook review of France by the rating agencies. In Portugal, socialists talk openly of default as a weapon. Portuguese Socialists Threaten "Economic Atomic Bomb" Ambrose Evans-Pritchard at The Telegraph writes Talk of 'nuclear default' sums up Left's anger at EU dictates Tempers are fraying in austerity-racked Portugal. A top socialist politician was taped at a party dinner calling for diplomatic warfare against the EU's northern powers and issuing threats of debt default. "We...

<p>“We face the threats from rising powers — China, India, others — that we have to always have sufficient force protection out there in the Pacific to make sure they know we’re never going anywhere,” Mr. Panetta said during a visit to a shipyard in Groton, Conn., where he toured a submarine, the Mississippi, in the final stages of construction.</p>