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Tag Archives for " Italy "

Confusion Over France Downgrade

Last Thursday, S&P caused a shock in the bond markets when it informed some of the subscribers that it had downgraded the credit rating of France. An hour and a half after the original message was sent out, S&P sent out a clarification that┬áthe message resulted from a technical error and not from any action […]

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PIIGS Threatens Stability of Eurozone

PIIGS – Portugal, Italy, Ireland, Greece and Spain are currently the five weakest of the Eurozone countries. Their huge deficits has lead the financial markets to increasingly believe in recent days that one of them might default on its sovereign debt. Their recently downgraded credit ratings not only makes it more expensive for them to […]

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