Thursday, March 10, 2011

The markets are ganging up on the Eurozone again. Today is Spain’s turn.

Moody's Downgrades Spain

Moody's Investor Service Inc. on Thursday downgraded Spanish government debt to Aa2 with a negative outlook from Aa1 previously, triggering sharp declines for the euro and European bond prices in early European trading. The news fanned concerns in European financial markets that high-debt countries in the euro-zone could bring the 17-nation currency closer to a new debt crisis. Earlier this week Standard & Poor's downgraded Greek government debt.

Posted by pbahra @ 08:53 AM (822 views)
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