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Moody’s Downgraded Debt Of Greece, Faith In Sovereign Debt Downgraded, Too
2 hours ago ago from 24/7 Wall St.
Moody's (NYSE: MCO ) downgraded the government debt of Greece from A1 to A2. Very few economists or bankers will be surprised. Greece is dealing with a shrinking economy and growing national debt and budget deficits. It is not much different in terms of these problems than most other nations, including the US. The economies of more economically sound country's are not being effected by concerns of credit agencies, at least not yet. The ...
Related contentCome take a ride in Tito’s time Machine 19
3 hours ago ago from Macedonian Documents
Come take a ride in Tito’s time Machine – Part 19 – Conclusion Risto Stefov December 20, 2009 If we “must” believe that Josip Broz Tito (May 7, 1892 - May 4, 1980), the Yugoslav dictator, along with the Communists, “invented” the Macedonians then we must also believe that Tito possessed a “Time Machine” because in this series of articles we will show you that the Macedonians existed way before Tito’s time. As soon ...
Related contentEnjoy Your Holidays In A Greek Island
1 day ago ago from Everyday Expat
Indulge In A Greek Island Vacation Greece Greece is a country in the Southeastern point of Europe, occupying an area of 131, 957 square kilometers and a population amounting to about 11,000,000. Athens is the capital of Greece. Mutuality Among Diversity Crossroads of colors, cultures, and civilization are the main characteristics of Greece. A step into the country takes you back to the warmth and the grandeur of ancient ...
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1 day ago ago from northcyprusblog.com
northcyprusblog.com Search the Web: Caribbean Panama Canal Turkey Greece South Pacific Valencia Spain French Riviera Sponsored Results for Mediterranean Mediterranean Cruises Browse the Cheapest Cruise Deals to The Mediterranean . Use Travelzoo. www.Travelzoo.com Mediterranean Cruise Specialists Book with a leading global cruise specialist. Very popular destinations available: ...
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Moody's Downgrades Greece
2 hours ago ago from Wall Street Journal
BY AINSLEY THOMSON AND ALKMAN GRANITSAS LONDON--Moody's Investors Service Tuesday became the third ratings agency to downgrade Greece's sovereign debt rating, saying there was mounting evidence that the Greek government's long-term credit strength was "eroding materially." The ratings agency cut the country's government bond ratings to A2 with a negative outlook, from A1, and said future ratings decisions will hinge on the government ...
Related contentBBC News - Greek finances face 'credibility gap'
21 hours ago ago from BBC
By Shaun Ley BBC News, Athens Protesters marched through Athens last week to protest public spending cuts Greek Finance Minister George Papaconstantinou calls it a credibility gap . How far can the statistics for Greece's public finances be trusted? The Bank of Greece says the budget deficit in 2009 will be 12.7%. Two months ago the previous government said it would be 6.7%. One problem is that Greek civil ...
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