Greece’s credit rating downgraded and risks a ‘sovereign default’

Sunday, May 22nd 2011 - 13:09 UTC

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Greece’s credit rating was cut on Friday three levels by Fitch Ratings, which said that even a voluntary extension of its bond maturities being studied by EU policy makers would be considered a default. Read full article

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briton
The mighty EURO will move heaven and earth, to keep the Greeks in the EURO, as, if they leave it would show how crappy this bent organisation really is, it is propping up a county that in normal terms would be out of the EURO and bankrupt, so a bad, advertisement for the great baby of France and Germany,,, will the Greeks face another Thermopylae, or stick with the modern monopoly and receive even more money??
May 22nd, 2011 - 07:29 pm - Link - Report abuse 0
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