Greek debt riskier than ever

More bad news for Greece, amid soaring interest rates. The rating agency Fitch Ratings downgraded Friday by two notches note long-term debt Greek, from BBB + to BBB-. The new note carries a negative outlook.

"The lowering of the rating reflects the intensification of fiscal challenge, caused by poor economic forecasts and a higher cost of debt," Fitch justified. Interest rates on debt Greek surged beyond the 7.5% Thursday in a volatile market but very few shares traded flexcheck cash advance. The markets are testing the limits of patience of the Greek government and wants to know he will decide to use the European rescue plan.

The increasing volatility on the Greek government bond market also forces many investors to withdraw.

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