The capital markets have begun to believe the deficit and debt problems in Ireland and Greece may overwhelm political efforts to balance national budgets.
Continue reading Ireland and Greece in Deep Trouble Aga…
Officially, Europe’s fiscal health is on the mend, but each time the Continent’s debt crisis is declared history, some ugly financial news quickly emerges to undercut those claims. Indeed, the real eurozone meltdown may still …
Moody’s Investors Service cut Spain’s top credit rating by one level to Aa1 from Aaa with a stable outlook. The agency cited a “weak” economic outlook and doubts that the nation will reach deficit-reduction targets.
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