More downgrades hit Europe: Italy, Spain and a dozen British banks

LONDON — A dozen British banks and the governments of Italy and Spain were hit with fresh credit downgrades Friday in the latest blow to a European economy struggling to keep its footing amid accumulating signs of a slowdown.

Belgium — which had avoided the attention given to other highly indebted countries — was also put on notice that its credit standing may be cut in the future.

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Mary Beth Sheridan 08 Oct, 2011


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Source: http://feeds.washingtonpost.com/click.phdo?i=d6406f7d63a4a1611a92ee31a9844075
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