Ticker
Fitch downgrades Italy, Spain and three other euro-countries
By EUobserver
Fitch on Friday joined Standard&Poor's in downgrading Italy, Spain, Belgium, Slovenia and Cyprus, but kept France's triple A rating. The agency didn't rule out a disorderly Greek default, nor a break-up of the eurozone, but said both are unlikely. The euro-crisis will only end when the economy recovers, it added.