Liquidity And Employment: A Loose Relationship

A week has passed since Fitch downgraded Greece one notch to BBB+ while Standard & Poor's signaled a likely downgrade of its A- rating, and even the news of Abu Dhabi's bailout of Dubai World has failed to restore stability to the markets. The Euro is still taking a hit from the Greek debacle. Greece is now the only country in Western Europe to have lost its single A status, which brings it in dangerous proximity to Eastern European BBB credits such as Russia, Lithuania, and Croatia. Just like Dubai's collapse, recent sovereign ratings actions underscore the renewed incentive for

To read the full article, please choose one of the following options: