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Global markets plunge as ratings agency prepares to downgrade eurozone countries and Greece teeters on edge of bankruptcy.
Last updated at 6:06 PM on 13th January 2012
Fears are rising that the credit ratings of several eurozone countries could soon be downgraded - prompting global markets to fall and the euro falling to a 16-month low.
Analysts today said that ratings agency Standards & Poor was finally going to deliver the downgrades it had threatened for much of the 17-nation eurozone just over a month ago.
It comes because of concerns of Europe's inability to get a grip on a debt crisis that has raged for around two years.
And it is on the same day that Greece was revealed to once again be teetering on the edge of a catastrophic bankruptcy - as negotiations on a bond swap to slash its public debt by 100 billion euros stalled.
Hit and miss: French President Nicolas Sarkozy (left) could see his country's triple A credit rating be downgraded, but it will not affect German Chancellor Angela Merkel (right)
Read more...http://www.dailymail.co.uk/news/article-2086200/Greece-teeters-edge-bankruptcy-debt-talks-stall.html
Last updated at 6:06 PM on 13th January 2012
Analysts today said that ratings agency Standards & Poor was finally going to deliver the downgrades it had threatened for much of the 17-nation eurozone just over a month ago.
It comes because of concerns of Europe's inability to get a grip on a debt crisis that has raged for around two years.
And it is on the same day that Greece was revealed to once again be teetering on the edge of a catastrophic bankruptcy - as negotiations on a bond swap to slash its public debt by 100 billion euros stalled.
Hit and miss: French President Nicolas Sarkozy (left) could see his country's triple A credit rating be downgraded, but it will not affect German Chancellor Angela Merkel (right)
Read more...http://www.dailymail.co.uk/news/article-2086200/Greece-teeters-edge-bankruptcy-debt-talks-stall.html
