S&P Cuts Spain As Greek Crisis Spreads In EU
Europe's debt crisis widened Wednesday as Standard & Poor's downgraded Spain's credit rating, undermining confidence in euro zone efforts to cobble together a bailout for Greece. S&P's downgrade of Spain came a day after it slashed Greece's debt to junk status and cut Portugal's credit rating. Greek bond yields continued to skyrocket. ETFs covering Spain fell while shares across Europe also took a hit. U.S. stocks, which tumbled Tuesday on
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