ASSESSMENTS
Greece: A Looming Default?
Dec 11, 2009 | 12:01 GMT
JEAN-CHRISTOPHE VERHAEGEN/AFP/Getty Images
Summary
Greece's credit rating was downgraded from A- to BBB+ by Fitch Ratings on Dec. 8, due to concerns over the country's debt levels. A number of other eurozone nations, however, are facing fiscal situations nearly as difficult as Athens', and the European Union may decide to make an example of Greece to encourage other high-spending nations to cut their debt levels.
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