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Europe markets rattled as Portugals credit rating is lowered

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No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
25/03/2010 12:37

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Message 1 of 3 in Discussion

Portugal sent shivers through European markets yesterday after fears about its ability to repay its debts prompted the ratings agency Fitch to downgrade its credit rating.



Portugal holds an unwelcome place among the so-called "Pigs" – an unflattering acronym used to group together heavily indebted European countries with weak economies. Also included are Ireland, Greece and Spain, although some argue that Italy should be added, which would make the acronym "Piigs".



Brinsley


Joined: 04/04/2009
Posts: 6858

Message Posted:
25/03/2010 12:44

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Message 2 of 3 in Discussion

The £ not doing too much in gaining against the Euro!



Richard



malsancak


Joined: 23/08/2009
Posts: 2874

Message Posted:
25/03/2010 13:12

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Message 3 of 3 in Discussion

Not doing too well against the TL but at 13:11 (local) it was up against all the other currencies

http://news.bbc.co.uk/news/business/market_data/currency/11/11679/intraday.stm



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