Can Fitch today downgraded to Portugal, but the first reaction of the bond market in the country, far from panic show. Portuguese spreads, instead of being ejected, dropped immediately after the news of Fitch, even a little later began to record escalation.
In Greece, the allimeria, the spreads jumped again to 330 m.v and ASE limited the initial earnings and says it falls off the ... syndrome 2,000 and something points.
As it is, ultimately "we ourselves", and Portugal are unlikely to be the next ... Greece, as many were quick to think once we heard the news of the deterioration of the country.
This is also the "state" and the current comment of UBS. In an interview with radio Bloomberg o Director issues of global economy, UBS, Mr Paul Donovan, a while ago, said that Greece was definitely sometime in the near future, it will declare bankruptcy.
As stated by Mr. Donovan, the failure of Europe to respond to this major challenge will be the ultimate blow to the euro.
It is worth noting that the Swiss bank economist said also that the crisis in Greece has now driven deadlock.
As stated, the problem that exists today is that Europe has failed miserably to clarify and solve the first major problem. If Europe can not solve such a relatively small problem, how then can solve even larger and more important problems, such that eventually the euro was a very bad idea and essentially failed, says an economist.