Monday, November 28, 2011

Europe - eurozone is still safe but Moody´s thinks otherwise targeting Belgium & putting pressure on Italy, Spain and France

Published on Nov 28, 2011 by
http://www.euronews.net/ More gloomy news for the euro zone, with a warning from the rating agency Moody's.

It says the debt crisis is threatening the credit worthiness of all European government bonds.

The agency warns that if the markets are not stabilised soon, the credit risk will continue to rise.

Belgium is the latest country to have its credit rating downgraded, with Italy, Spain and France under increasing market pressure.

But the eurozone is still safe, according to some.
.

Eurozone crisis live: breakup fears grow as IMF denies Italy rescue ...

www.guardian.co.uk/.../eurozone-crisis-downgra... 
3 hours ago – Moody's warned this morning there is a risk of 'multiple defaults' by euro area ... sating -- later this morning, both Italy and Belgium will hold debt auctions. ... France, Spain and the UK will also bring debt to the market this week ... union but at a pace that may result in all the components being put in place ...

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