Egan-Jones downgrades Spain to CC from CC+. "Hoover-esque. Spain has unemployment near 25% and...

|By:, SA News Editor

Egan-Jones downgrades Spain to CC from CC+. "Hoover-esque. Spain has unemployment near 25% and yet the government is imposing tax increases and a raiding of social security funds in an effort to rein in its budget deficit."