Loans and Finance

Loans and Finance

Text

News and information about loans, money, debt, finance and business issues.

Wednesday, July 06, 2011

Portugal Goes The Way of Greece

Moody's have cut Portugal's credit rating by a "whopping" four notches, from Baa1 to Ba2, with a negative outlook.

There are now expectations in the markets that Portugal will need a Greek style second bailout.

Self fulling prophecies are very dangerous!

No comments:

Post a Comment