Headlines from The Telegraph:
European Central Bank cuts-off Access to 4 Geek Banks http://soc.li/Wf05Mgh • Fitch downgrades Greece, warns on elections
• Moody's to announce action on 21 Spanish banks
• US factory activity unexpectedly contracts in May
• Spain sees borrowing costs rise sharply at auction
• Cameron: it's "make or break" for the euro
• FTSE 100 on course for fourth day of losses
• €1bn pulled from Spanish bank Bankia: reports
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