Loans and Finance

Loans and Finance

Text

News and information about loans, money, debt, finance and business issues.
Powered by Investing.com

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