Credit Crisis: hit Greece next?
Wednesday, December 9th, 2009 at
10:29 pm
Greece could be the next country to be drowned in debt. After Dubai, Athens is faced on very substancial economic and fiscal challenges.
The Fitch agency decided to downgrade Greece’s long-term debt ratings were made last Tuesday which highlighted falling confidence in the country’s economic policy. They also raised the prospect of a crisis budget and increased strains in the eurozone.