"Portugal Next; Then Belgium? Spain? Italy?
The focus this week has been on Portugal. The country’s deficit hit 9.3 percent of GDP in 2009, putting it just a few small steps behind bailout nations Ireland and Greece.
Meanwhile, its overall debt outstanding is closing in on 90 percent of GDP. Standard & Poor’s will likely soon cut its A- rating on Portuguese bonds, while Moody’s Investors Service could lower its rating a couple of levels..."
at http://www.marketoracle.co.uk/Article25594.html
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