www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Global Biz

Greek default would hit others in euro zone

(Agencies)
Updated: 2011-05-24 15:35
Large Medium Small

ATHENS - A Greek debt default would hurt other peripheral euro zone states, Moody's said in a statement on Tuesday, becoming the last of the three major rating agencies to say any kind of restructuring would constitute default.

"Moody's believes that a default is likely to have adverse credit rating implications for Greece, possibly some other stressed European sovereigns, and the Greek banks, regardless of the efforts made to achieve an 'orderly' outcome," it said in a statement.

Related readings:
Greek default would hit others in euro zone Greece discusses fiscal plan, lenders' pressure up
Greek default would hit others in euro zone Greece braces for new general strike

Markets piled pressure on heavily indebted euro zone countries at the start of the week as investors worried not just about Greece but also about heightened risks in Spain, where the government was drubbed in regional elections, and ratings agencies' warnings for Italy and Belgium.

S&P cut its outlook to "negative" from "stable" on Italy, which has the euro zone's biggest debt pile in absolute terms, and Fitch said it may downgrade Belgium's AA+ credit rating. The country has not had a proper government since elections last June but is enjoying an economic boom.

Greek default would hit others in euro zone

"As for other stressed European sovereigns, Moody's believes that their ratings will invariably be affected, regardless of the myriad forms that a default by Greece could take," the statement said.

"This would in turn lead to increasingly polarised sovereign ratings in Europe, with stronger countries retaining high or very high ratings, and weaker countries struggling to remain in investment grade."

Greece announced on Monday six billion euros worth of new, emergency fiscal measures to shrink its budget hole and jump start privatisations to convince lenders it can pay down debt without a restructuring.

Finance Minister George Papaconstantinou said Greece would not be able to honor its obligations if it does not get the next tranche of a bailout loan and the IMF has made clear it cannot disburse the money if Greece's 2012 EU funding is not assured.

Moody's said a Greek default might take many forms, including changes in the terms and conditions or a selective reprofiling, adding that it would consider all of these as distressed exchanges.

The statement also said the Greek banking sector would need recapitalisation in case of a sovereign default, as well as continued liquidity support from the European Central Bank. It warned that a sovereign default was likely to be accompanied by some form of default on bank debt.

Fitch cut Greece's credit rating by three notches on Friday, pushing the country deeper into junk territory, and warned that any kind of debt restructuring would amount to default.

"The longer the current state of uncertainty affecting Greece persists, the greater the temptation on the part of both the Greek and the euro area authorities to try to undertake some form of debt restructuring," Moody's said.

分享按鈕
主站蜘蛛池模板: 二区国产| 国产乱淫a∨片免费视频 | 久久综合免费 | 国产欧美精品三区 | 手机看片日韩日韩 | 第一色网站 | 国产高清视频免费 | 欧美三级 欧美一级 | 日韩欧美中文字幕在线播放 | 国内精品视频九九九九 | 国产精品福利午夜h视频 | 一本久久精品一区二区 | 毛色毛片免费看 | 欧美日韩一区二区三区在线 | 国产在线精品一区二区高清不卡 | 毛片久久久 | 欧美在线bdsm调教一区 | 午夜爽| 免费人成在线观看网站品爱网 | 永久免费毛片手机版在线看 | 黄页网址免费观看18网站 | 国产成人久久综合二区 | 大臿蕉香蕉大视频成人 | 久草3| 一区二区三区在线免费视频 | 欧美.成人.综合在线 | 草视频在线观看 | 亚洲国产精品第一区二区 | 久久一级视频 | 亚洲免费人成在线视频观看 | 在线日本视频 | 成人一区视频 | a级毛片在线视频免费观看 a级免费 | 欧美成人一级片 | 乱子伦一级在线现看 | 免费特黄一级欧美大片 | 久久99毛片免费观看不卡 | 国产欧美精品区一区二区三区 | 久久成人性色生活片 | 国产一级毛片午夜 | 中文成人在线 |