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29 March 2011

S&P downgraded Portugal and Greece due to permanent bail-out fund agreement


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Standard and Poor's sagte, dass die Herabstufungen nach der Einigung der europäischen Staats- und Regierungschefs der vergangenen Woche stattfanden, wonach der Rettungsfonds 2013 durch den europäischen Stabilitätsmechanismus ersetzt werden soll.


The downgrade hit the bonds of both countries -- two of the weakest countries in the euro zone. The yield on Portugal's 10- and two-year bonds jumped to euro lifetime highs, and the yield on Greece's two-year bonds rose 10 basis points to 15.46 percent.

Press release


© Reuters


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