Fitch downgraded Greece…

Friday, 18 May 2012 02:28

Rating agency- Fitch downgraded Greece a note from B minus to CCC. The reason of that action was concern about the country’s exclusion from the euro area.
Earlier Fitch said that if Greece leaves the euro zone because of the political crisis after the election or because of the government is unable to stabilize the economic situation will affect the entire monetary union.

Countries on negative watch list already: France, Italy, Cyprus, Spain, Portugal, Slovenia Belgium and Ireland.