Tuesday, April 27, 2010

Greece Cut to Junk at S&P as Contagion Spreads (Update2) - Bloomberg.com

Greece Cut to Junk at S&P as Contagion Spreads (Update2) - Bloomberg.com: "Greece’s credit rating was cut three steps to junk by Standard and Poor’s, the first time a euro member has lost its investment grade since the currency’s 1999 debut. The euro weakened and stock markets throughout the region plunged."

This is troublesome.