By EconMatters
The Euro crisis is getting deeper into the uncharted territory with bond yields surging across Europe on Friday Nov. 25, after Fitch Ratings cut Portugal’s debt rating to “junk” status. Standard & Poor’s later also delivered a debt downgrade to Belgium to AA from AA+. Moody’s stayed busy and lowered Hungary’s debt rating to junk on Thursday. Meanwhile, Greece reportedly was trying to negotiate a bigger haircut with its creditors.
Elsewhere, Italy
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