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S&P: Rating Decision Doesn't Include Risk Of Euro Zone Breakup

From efxnews.com

S&P: Rating Decision Doesn't Include Risk Of Euro Zone Breakup -- S&P: Periphery Has Neither Credibility Nor Room For Stimulus --S&P: Fiscal Stimulus In Periphery Wouldn't Be Credit Positive -- S&P: Policy Response Has Not Kept Up With The Challenges--The euro zone's policy response to its debt crisis has been largely misguided and is building up future risks, Standard & Poor's analysts said in a conference call Saturday. The call follows a wide-ranging action Friday by S&P which included downgrades of more than half of the currency bloc's 17 sovereigns. "The proper diagnosis would have to give more weight to ... (full story)

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