Worries over Greece Intensified

Developments in Greece raised concerned over a Grexit, weighing down the financial markets. Following S&P's downgrade of Greece's sovereign debt rating and Moody's placing of its rating under review, PM Alexis Tsipras' pledge to reform austerity and hardened stance of other Eurozone governments inevitably raised the barrier for the debt-ridden nation to reach an agreement with its lenders.

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Worries over Greece Intensified