Greece's rating is slashed making default likely

2011-06-14 23

Greece has become the world's lowest rated country after Standard and Poor's cut three notches off its credit worthiness. It puts the cash strapped country below Ecuador and Jamaica. It means that despite attempts by Prime minister George Papandreou to arrest his country's economic implosion, Greece could default on its debt. ... http://www.euronews.net/

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