Category: General

World stock markets rallied on Tuesday with expectations that euro zone officials were close to developing further strategic moves in order to combat the crisis that has plummeted European economies.  Despite the lack of commitment by Dutch and Finnish officials for a euro-area bailout find, the rally in stock markets still continued. Not only did…

In a move that is expected to send shockwaves throughout world markets and particularly through the euro zone, Standard and Poor’s (S&P), the credit rating agency, downgraded Italy’s long-term credit rating to A from A-plus and cut its short-term rating to A-1 from A-1-plus with a negative outlook. The downgrade caught the financial world by…