Rating agency takes aim at Spain, euro falls

Author (Corporate)
Series Title
Series Details 29.7.11
Publication Date 29/07/2011
Content Type

EurActiv reported that rating agency Moody's put Spain on review for a possible downgrade on the 29 July 2011, adding to concerns that a second Greek rescue package earlier in July 2011 had done little to halt the spread of Europe's debt crisis.
Source Link http://www.euractiv.com/en/euro-finance/rating-agency-takes-aim-spain-euro-falls-news-506843
Related Links
ESO: Background information: EU moves to rein in ratings agencies http://www.europeansources.info/record/eu-moves-to-rein-in-ratings-agencies/
ESO: Background information: Spain in line of fire amid Portugal troubles http://www.europeansources.info/record/spain-in-line-of-fire-amid-portugal-troubles/
ESO: Background information: France seeks rapid adoption of Greek bail-out http://www.europeansources.info/record/france-seeks-rapid-adoption-of-greek-bail-out/
El País, 28.7.11: Budget deficit narrows as belt-tightening takes effect http://www.elpais.com/articulo/english/Budget/deficit/narrows/as/belt-tightening/takes/effect/elpepueng/20110728elpeng_10/Ten
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