Greece is where all addicted borrowers end up--helplessly looking for a handout. And Germany is tired of bailing it out, so interest rates go up, and the Euro looks like a climber's rope, with Greece (and other PIIGS) dangling and threatening to pull the solvent European countries off the financial cliff.
Greece's credit rating cut again on higher risk of default - Telegraph: www.telegraph.co.uk/finance/economics/gilts/857378....html
http://chumly.com/n/9aa9c6
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