Moody’s cut in Greek credit rating signals the euro debt crisis is back
Today, March 7, Moody’s Investors Service cut Greece’s sovereign-debt rating by three notches to B1. On March 3 the European Central Bank on March 3 signaled that it would raise interest rates in April in order to fight inflation. Think the two are related?
The euro crisis deepens as markets contemplate the need for a Spanish rescue
The financial markets have started to do the math they should have done six months ago, and they don’t like the numbers they’re seeing: There might not be enough money to rescue Spain.