UK Telegraph
Excerpt:
The cabinet agreed to transfer the assets from four of Portugal’s biggest banks to the state balance sheet.
The assets will be used to bridge a gap needed to meet the fiscal deficit target of 5.9pc of GDP set by the terms of…
Rating cut puts Spain back on crisis radar
On Friday October 14, 2011, 6:18 am EDT
MADRID (Reuters) – Standard & Poor’s cut Spain’s credit rating on Friday, sending the euro briefly lower and underlining the challenges facing Europe’s major powers as…
