Posts
4996
Joined
2/2/2008
Location
Sydney
AU
Edited Date/Time
1/11/2012 11:06pm
PIGS = Portugal, Italy, Greece and Spain. Focus on Greece this week. American could be fine sailing along thinking the green shoots will save it, but the debt instrument dominos sold off around the world are just starting to fall.
"Greece's credit downgrade from Fitch Ratings prompted concerns for the solvency of other struggling eurozone members, notably Ireland, Portugal and Spain. Standard and Poor's this week lowered its credit outlook on Portugal and Spain from "stable" to "negative"..."
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