EYPO, EWRO, EURAS, EVRO, EIRO, EURO

German Deputy Foreign Minister Werner Hoyer said today that Greek debt restructuring “would not be a disaster”. The euro and Greek bonds fell after his comments.

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Also today, Moody's downgraded Ireland's debt rating to just above junk status

Now this is not the omega. It is not even the alfa of the omega. but it is, perhaps, the omega of the alfa.


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Portugal teeters on brink of bailout Click Here AAForum News

Portugal on brink of EU bailout as Moody's downgrades Greece again

Portugal hovers on the verge of crisis as eurozone argues over integration

Portugal's cost of borrowing is now over 7% and analysts believe a bailout is just weeks away. But help from the EU may be delayed by a damaging row over closer economic co-operation....Read more HERE

LATEST UP DATE ABOUT GREECE 21.00 Hrs 7th March:

Portugal took a step nearer a humiliating multibillion-pound bailout by the European Union on Monday after Greece saw its credit rating slashed to a new low and speculation grew that eurozone leaders will fail this weekend to agree measures to prevent a repeat of last year's sovereign debt crisis.

More can be read HERE at Guardian FREE ONLINE Newspaper