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Spain is downgraded to B from BB- by Egan-Jones, which notes the country's GDP is exceeded by...

Spain is downgraded to B from BB- by Egan-Jones, which notes the country's GDP is exceeded by the assets of its two biggest banks (via). The euro is plunging, hitting a new multi-year low at $1.2483.
Comments (4)
  • bbro
    , contributor
    Comments (10321) | Send Message
     
    Egan Jones???
    29 May 2012, 11:49 AM Reply Like
  • Tack
    , contributor
    Comments (14310) | Send Message
     
    bbro:

     

    You beat me to it. Next, they'll quote an actress.

     

    On the other hand, my next European vacation is looking more attractive by the day.
    29 May 2012, 11:51 AM Reply Like
  • iRock36
    , contributor
    Comments (23) | Send Message
     
    Obviously someone who can impact the price of the euro.
    29 May 2012, 12:17 PM Reply Like
  • Brian Bobbitt
    , contributor
    Comments (2007) | Send Message
     
    Has to be other reasons EJ is a non-event. Could it be fewer people want the euro? LOL oh, maybe.
    DRR EUO

     

    enjoy the ride
    Capt. Brian
    29 May 2012, 12:57 PM Reply Like
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