October 23, 2012 at 08:26 AM EDT
Spain's 'Vicious Circle' Worsens as Moody's Downgrades Regions
With Spain looking increasingly likely to miss this year's deficit target, credit rating downgrades for several of its regions, and its borrowing costs showing an uptick things aren't getting any better for the country, with one analyst telling CNBC that the country is caught in a "vicious circle".
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