S&P Cuts EFSF Rating
Standard & Poor's followed up its mass cuts to the credit ratings of eurozone countries on Friday with a cut in the credit rating of the European Financial Stability Facility on Monday. EFSF officials said that nonetheless the facility was well enough funded to cope with the eurozone debt...
Spain, Italy Sell Bonds to Strong Demand
Apparent confidence in the ability of the euro zone to combat its ongoing debt crisis marked the first auction for the year of Spanish and Italian bonds on Thursday.