The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
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Agenda Macro

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viernes, 15 de junio de 2012

Moody's downgrades Cyprus on Greece exposure

Moody's Investors Service said late Wednesday that it downgraded the sovereign-debt rating for Cyprus to Ba3 from Ba1, and placed the rating on review for further downgrades
The ratings agency cited a higher likelihood that Greece may exit the euro zone as being key in the downgrade, given the exposure of Cyprus and its banks to the country

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