Friday, April 9, 2010

Fitch Smacks Greece

Fitch just downgraded Greece debt to BBB-


UPDATE: George Soros pipes in via Bloomberg:
“In no way is default inevitable, but the way they are going about it right now is making the situation worse,” Soros said. “The Germans, by insisting on market prices for their rescue effort, are actually undermining the possibility of rescuing Greece.”

Soros said it would be “quite helpful” if the IMF intervened over the weekend.

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