Eurozone Woes Worsen: Moody’s Cuts Debt Rating for Portugal to Junk

Eurozone Woes Worsen: Moody’s Cuts Debt Rating for Portugal to Junk

By Jay Raol - Jul 06, 2011

Despite Portugal having negotiated a 78 billion euro bail-out package in May, the credit rating agency, Moody’s Investors Service, cut the Euro country’s debt rating to junk st

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Greece PM Papandreou to Reshuffle Cabinet, enforce Austerity Plan

Greece PM Papandreou to Reshuffle Cabinet, enforce Austerity Plan

By Jay Raol - Jun 16, 2011

George Papandreou, Prime Minister of Greece, is all set to announce a new cabinet in his latest effort to further push for austerity measures; an absolute necessity if Greece wants

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