|
Eurozone governments will be looking at ways of making sure that any rollover of Greek debt by the banks is not considered a default by the credit rating agencies. Though last week's decision by the Greek Parliament to back further austerity measures in return for crucial bailout funds has helped calm jitters in the markets, Europe's debt crisis is likely to remain a major concern for investors. The decision by Moody's to downgrade Portugal to junk status late Tuesday is weighing on European stocks Wednesday. The agency said the country will find it difficult to meet its targets and that it too may need a second bailout. In Greece, strike action remains a major obstacle to the government's program. On Wednesday, taxis across Greece are holding a 24-hour strike to protest the opening of their profession to more competition.
[Associated
Press;
Copyright 2011 The Associated Press. All rights reserved. This
material may not be published, broadcast, rewritten or
redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor