Greece down but is it out?

December 09, 2009 12:00 am

All year Greece has faced downgrades, speculation that it would default on its debt and/or pull out of the euro. This week, with a Fitch downgrade to BBB+ negative outlook and S&P’s A- rating put on CreditWatch negative, fears have got closer to becoming reality. Read EuroWeek on Friday for views from investors, analysts and bankers on Greece’s prospects of raising the Eu50bn and more it needs in 2010.

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