http://www.reuters.com/article/2011/11/ ... 7420111104
Credit ratings agency Moody's Investors Service on Friday downgraded Cyprus by two notches, saying the government will likely need to support the banking sector next year to protect it against exposure to Greek bonds.
Moody's cut Cyprus' sovereign bond ratings to Baa3, only one notch above junk, from Baa1. It also placed the new rating on review for a possible further downgrade.
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Oh dear, misguided dependence on Greece has shafted the country again.
Cyprus on the brink of JUNK!
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Cyprus on the brink of JUNK!
by eracles » Fri Nov 04, 2011 10:48 pm
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eracles - Contributor
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Re: Cyprus on the brink of JUNK!
by GreekIslandGirl » Fri Nov 04, 2011 10:57 pm
How sad when monetary considerations sell us out from our heritage. And some gullible, self-interested individuals act as their messengers.
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Re: Cyprus on the brink of JUNK!
by eracles » Fri Nov 04, 2011 11:19 pm
GreekIslandGirl wrote:How sad when monetary considerations sell us out from our heritage. And some gullible, self-interested individuals act as their messengers.
Yep....those damn monetary considerations
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eracles - Contributor
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Re: Cyprus on the brink of JUNK!
by Maxx » Sat Nov 05, 2011 12:31 am
Just another reason why Cypriot Nationalists are required and needed to arradicate the cancer that is Hellenism.
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Maxx - Member
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