Ratings agencies have downgraded Spanish debt and a raft of Italian banks, while Greece on Wednesday (19 October) expects a massive strike ahead of an EU summit on new anti-crisis measures.
Moody's on Tuesday pulled Spanish debt down two notches from A1 to Aa2, putting the eurozone country in a similar bracket to Italy and non-euro states such as Botswana, Japan and Poland.
It cited debt-laden banks and low growth prospects in its statement, noting: "Since placing the ratings unde...
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Already a member? Login hereAndrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.
Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.