Economy - Voice of America: Moody’s Downgrades Spanish Banks

Economy - Voice of America economy-and-business

Moody's Downgrades Spanish Banks May 18th 2012, 14:56  World stocks fell Friday, after the credit rating of more than a dozen Spanish banks was downgraded. The blow comes amid investor fears about the stability of the eurozone. Residents on the streets of Spain's capital, Madrid, seemed resigned to the downgrading. One resident said the measure should have happened a long time ago because the banks in Spain are not in a good position to secure deposits and accounts. But residents say Spain is on the right track to resolve its ... Media files: E72BC4C6-FB41-44D5-89F3-8AC7F10D4FF5_cx0_cy1_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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