Greece's fiscal woes threaten the U.S.
Don Lee"A widening financial crisis in Europe is threatening to put a damper on the economic recovery here and abroad just as the American economy is gathering steam. "A credit contagion that began in heavily indebted Greece spread Wednesday to Spain, whose economy is much larger than Greece's, as Standard & Poor's cut the Madrid government's credit rating, just one day after slashing Athens' bonds to "junk" status and downgrading Portugal's debt as well. "European officials pledged Wednesday to act swiftly on a hefty package of loans for Greece, but skepticism remained that Germany, the continent's strongest economic power, would ultimately agree to the plan." Read on...
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"Greece's fiscal woes threaten the U.S.", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), avril 2010. Consulté le 28/02/2024. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/greece-s-fiscal-woes-threaten-the-u-s-