Moody's rating agency has downgraded the eurozone rescue fund, the ESM, in the same week that Greece has gotten more bailout money and France's rating was cut. More trouble ahead for the eurozone?
German Chancellor Angela Merkel's visit to Athens was a sign of support for the Greek government's austerity measures. But experts warned that the country had not overcome its financial crisis.
Europe's car market has shown yet another monthly increase in registrations, following a protracted period of sluggish demand amid the continent's debt crisis. Britain and Spain were the biggest contributors in March.
US-based ratings agency Moody's has reassessed its credit worthiness outlook for Cyprus to positive. The eurozone nation's unexpected fiscal and economic performance over the past year was cited as the main driver.
Moody's has upgraded Ireland's credit rating from junk to investment grade, the last of the three major ratings agencies to do so. Dublin had already returned to the global bond market after exiting its bailout program.
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