Moody's Downgrades Italy, Spain, Portugal And Others; Puts UK, France On Outlook Negative -: Moody's adjusts ratings of 9 European sovereigns to capture downside risks
Greek bailout put on hold: Eurozone finance ministers have put a new Greek bailout on hold, saying the country has failed to meet conditions set by lenders.
Athens Is Burning and Angela Merkel Holds the Spent Match: Athens is besieged by riots, because ordinary Greeks understand what their leaders won't admit. The reforms imposed by Angela Merkel and Greek creditors will delay but not avoid a sovereign default.
These are the 10 countries deepest in debt.: Last year, Standard & Poor’s downgraded both France and the U.S. from perfect AAA ratings. Yesterday, Moody’s gave France and the UK negative outlooks.
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