Updates
Later, 1:55 p.m.: This doesn't sound as bad as last summer.
Fitch on Thursday sliced Greece’s long-term credit rating to CCC from B-, citing a “heightened risk” Greece won’t sustain its membership in the eurozone.
Original Post
Flashback, July 14, 2011: The Fitch rating agency Wednesday downgraded Greece's credit rating to just one grade above default status. Greece may receive a second bailout to prevent its crisis from destabilizing other European countries.
Comment: either we've been here before or Fitch has put Greece into default status. Unless they've added some "grades" between where they were last year (one grade above default) and default.
I will continue to watch for the link.
