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Greece Sees its Credit Rating Downgraded, Euro Slides

posted by Avatar FXTimes 900 days ago in EUR made popular 900 days ago

Fitch Ratings cut Greece’s credit rating to BBB+ today from A-, the third lowest investment grade, as the country’s finances deteriorate and it may struggle to meet its debt commitments. Stocks and government bonds tumbled on the news. Greek GDP shrank by 1.7% in the third quarter, and the government needs to cut the budget deficit to shore up...
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