Thursday, April 29, 2010

Greek Contagion Spreads

The eurozone crisis worsened yesterday, when Standard & Poor cut Spain's credit rating after downgrading both Greece and Portugal.

Meanwhile the estimate as to how much Greece needs from the IMF/EU has risen to Euro 120BN.

The only way out of this mess now is for Greece to leave the Euro ASAP.

No comments:

Post a Comment