The Last Chance Of Freedom : FITCH DOWNGRADES GREECE: 'Default Is Highly Likely In The Near Term'

It's becoming increasingly difficult to discern fact from fiction, and unfortunately the media has a strong bias. They spin stories to make conservatives look bad and will go to great lengths to avoid reporting on the good that comes from conservative policies. There are a few shining lights in the media landscape-brave conservative outlets that report the truth and offer a different perspective. We must support conservative outlets like this one and ensure that our voices are heard.

Wednesday, February 22, 2012

FITCH DOWNGRADES GREECE: 'Default Is Highly Likely In The Near Term'

Sam Ro

Fitch just downgraded Greece to C from CCC, putting the debt-laden country deeper into junk territory.

The action follows news that European leaders agreed on terms allowing for Greece to receive its second bailout.

Fitch's action is tied to the terms of the Greek sovereign debt swap. Here's what they wrote:

Wednesday, February 22, 2012

FITCH DOWNGRADES GREECE: 'Default Is Highly Likely In The Near Term'

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