Eurozone’s Prospects Sink as Spain Downgraded Again
Moody’s has cut Spain’s rating by three notches from A3 to Baa3, citing the nation’s worsening debt burden, rampant unemployment, and shrinking access to capital sources.

A man buys a newspaper, discussing the eurozone crisis, at a newspaper stand in Madrid, Spain on June 10. Spain received a $125 billion bailout last week to shore up its struggling banks. Pablo Blazquez Dominguez/Getty Images
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