Tag Archives: rescue

Greece downgrade to one level above Default

Greece was handed more bad news on Monday after Moody’s Investors Service, a rating agency, cut the nations credit rating to one level above ‘default’.

The decision came only days after the country was bailed out for a second time …

Posted in Economy | Tagged , , , , , , , , , , , , | Comments Off

EU reaches agreement in emergency summit

Europe’s leaders gathered in an emergency summit on thursday to discuss Greece’s debt issues and how to stop the possible spread of the debt crisis to other larger European countries such as Spain and Italy.

A new deal has been …

Posted in Economy, Financial | Tagged , , , , , , , | Comments Off