Moody’s vindt de gang van zaken in Europa maar helemaal niks, met name in Spanje en Griekenland. Meer nog, het ratingbureau waarschuwt voor grotere implicaties voor de overige schulden binnen de Eurozone.

Recent political and economic developments in Spain and Greece could lead to ratings reviews and actions on many euro-zone countries. Growing fears about Greece potentially leaving the euro zone and Spain’s ability to keep its banks well-funded have led the ratings firm to warn that further downgrades may be necessary. But between the two issues, Moody’s said a member exiting the monetary union would have more wide-reaching effects across the continent. “Spain, as we see it, has it’s own problems and is not a major source of contagion, whereas a Greece withdrawal could have negative ratings implication throughout the region,” Yves Lemay, managing director with the Sovereign Risk Group at Moody’s, told DJ FX Trader on Friday. If the risk of a Greece exit from the euro were to rise further, it could spark additional ratings pressure throughout the region, Moody’s said. That exit could also lead to substantial losses for investors in Greek securities and could pose a threat to the euro’s continued existence, the rating firm said.