Cracks in the Facade
(Excerpts from Stock World Weekly)
The S&P downgraded nine eurozone countries on Friday, announcing the following actions: the lowering of long-term ratings on Cyprus, Italy, Portugal and Spain by two notches, and the lowering of long-term ratings on Austria, France, Malta, Slovakia and Slovenia by one notch. It affirmed the long-term ratings on Belgium, Estonia, Finland, Germany, Ireland, Luxembourg and the Netherlands. According to S&P, Friday’s ratings
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