All Entries Tagged With: "greece"

Euro hits one-year low against the dollar

 Amid growing fears over the sovereign debt issues of few European countries euro continued it’s downward spiral hiting a fresh one-year low against the dollar in Asia Wednesday.
Downward spiral accelarated after Standard and Poor’s  downgraded Greece’s government debt to junk status and sliced Portugal’s ratings by two levels.
The downgrades fueled worries that a sovereign debt problem could [...]

Personal Debt Dampens Holiday Mood

Persisting fears about sovereign and related debt from Greece to Dubai will keep investors occupied into 2010 after they enjoyed one of the best years for world stocks in the past two decades.

Greek assets have taken a hammering after two credit ratings agencies downgraded the euro zone member this month on concerns about its fiscal health, blowing out spreads between Greek bonds GR10YT=RR and safer German alternatives EU10YT=RR to their widest since early April.