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Bank of England's Sharp says the 'London Whale' shows financial-stability risks of banks with huge pools of financial instruments.
GDP decline of 0.7% is most in three years; weather, Jubilee holiday are blamed.
Slump in construction results in 0.2% decrease in Q1 GDP.
Despite Euro crisis, data show gains in a number of countries.
S&P cuts rating on Greece to CCC.
S&P cuts rating on Greece to CCC.