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Tuesday, December 21, 2010

Moody's Warns it may downgrade Portugal's Credit Rating

by Calculated Risk on 12/21/2010 08:50:00 AM

From the Reuters: A Warning to Portugal as Spain Sells Bonds

Moody’s ... put Portugal on review for a possible downgrade, almost a week after doing the same to Spain, and having cut Ireland by five notches last week.
Europe was one of the Ten Economic Questions for 2011 I posted over the weekend. I hope to post some thoughts on each of those questions before the New Year, but it sure seems another blowup is likely in Europe.