Tagged: PIIGS

Now that’s what heavy debt can do to a nation, Greece burns!!

Now that’s what heavy debt can do to a nation, Greece burns!!

*people are on the street breaking and throwing everything on their way. *this outrage may turn into something big says the journalist. *Government may have to step down if it doesn’t come up with...

Moody’s cut Ireland’s rating to Junk

Moody’s cut Ireland’s rating to Junk

Ireland joined Portugal and Greece as the third euro-area nation to have its credit rating reduced to below investment grade as European Union finance ministers struggle to contain the region’s sovereign debt crisis. Moody’s...

Affect of Portugal downgrade is here!!

This was evident and had to happen. As Moody’s downgraded Portugal to Ba2 status which means that the government bonds of Portugal are now in Junk category, the 10-Year yield of Portugal government bonds...

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