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Greece crisis: Fears grow that it could spread
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04-29-2010, 08:37 PM
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disappointment2
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From the news this morning thats about what it happening. France and Germany are going to make sure a loan goes through but let the IMF be the austerity bad guys for the home crowd.
I will say the ratings agencies seem sort of whim driven. Greece's debt is a problem for sure but they just rated them lower than Azerberjan and Lebanon (yes Lebanon) in terms reliability at paying off their bonds. Thats S&P waiting too long to downgrade and then over reacting when it did.
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