Moody's Latest To Downgrade Greek Debt To Junk:
Moody's Investors Service slashed Greece's credit rating to junk status on Monday in a new blow to the debt-ridden country that is under intense international scrutiny after narrowly avoiding default last month.
Spanish banks teeter on brink of collapse:
THE European economy edged towards a fresh crisis yesterday, as Spain's leaders were forced to admit that credit had dried up for some of the country's banks.