S&P Downgrades Greece, Hints At Bank Runs And “Capital Controls” In Worst-Case Scenario: Full Report

by Tyler Durden
ZeroHedge.com
02/06/2015

And the hits keep coming. On the heels of a demand for repayment of ECB’s profits from GGB bond gains and to extend the T-Bill limit to give the nation time to negotiate with EU leaders (i.e. a Bridge Loan) which Jeroen Dijsselbloem already dismissed earlier in the day, S&P just piled on…

GREECE RATINGS CUT TO B- FROM B BY S&P; MAY BE CUT FURTHER

This downgrade comes just 5 months after upgrading Greece because “risks to fiscal consolidation in Greece have abated.” EURUSD is not moving much (having already cratered after US payrolls) but Greek stock ETFs are sliding once again.

The Rest…HERE

This entry was posted on Friday, February 6th, 2015 at 2:23 pm and is filed under Economics, New World Order, World Politics. You can follow any responses to this entry through the RSS 2.0 feed.