Markets News Thursday: ECB meets in Lisbon; Moody’s warns of Greek contagion for banks in Ireland, UK, Italy, Portugal and Spain
May 6th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Markets news on stocks, currencies and commodities; the ECB governing council is today holding its key monthly meeting in Lisbon; Moody's ratings agency today warned that the Greek debt crisis presented a risk of "contagion" for banks in Ireland, UK, Italy, Portugal and Spain. Overall, Moody's notes that each of these countries' banking systems faces different challenges of different magnitudes, but warns that contagion risk could dilute these differences and impose very real, common threats on all of them.