Bad news: A long list of negative numbers shows losses on Spain stock exchange in Madrid as the crisis spreads. Daily Mail Fitch Warns Of Mass Eurozone Downgrades As Frontrunner To Lead Greece Rails At 'Barbaric' Austerity -- The Telegraph
All eurozone countries face downgrades to their debt ratings if the risk of a Greek exit rises following next month's elections, a leading credit agency warned last night.
Fitch Ratings downgraded Greece's sovereign rating to CCC from B- and sounded a wider alert for the rest of the currency bloc. It said it would put the entire zone on downgrade watch if after June 17's poll, "Fitch assesses that the risk of a Greek exit from European Monetary Union is probable in the near term."
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MIDDLE EAST
EU seeks fresh start with
Turkey on membership bid.Syrian National Council head
Burhan Ghalioun 'to resign'.
Diplomat: Confidential report
finds Iran shipping arms to Syria.
Iran vows never to
renounce nuclear 'rights'.
Plans to strike Iran "ready,"
says U.S. Israel envoy.
Military activities reported
near Israel-Gaza border. Israeli troops fire at Palestinians
near Gaza border.
Hamas: New, illegal PA cabinet
can't hold elections.
Iranian calls for 'Islamic awakening'
to destroy Israel.
Turkish jets stop
'Israeli violation' of airspace.
ASIA
US suspends
Burma sanctions.
Satellite imagery shows progress in
North Korea nuclear reactor construction.Exclusive: China pushes North Korea to
drop nuclear test plan: Sources.N. Koreans demand ransom
for detained Chinese fishermen.
China calls for consistent diplomacy
from Philippines.16 retired Chinese Communist Party officials
call for 2 top leaders to step down.
Chen Guangcheng
'to get passport within 15 days'.AFRICA
Somaliland military court
sentences 17 civilians to die.
West African troops start
arriving in Guinea-Bissau.
Guinea-Bissau gets Prime Minister
under new deal.
West African group
mulls intervention in Mali. Rights group: Mali facing
'worst crisis since independence'.Mbeki heading to Khartoum
to push talks.
Rwandan rebels kill 50
in eastern DR Congo: UN.
Military hopes for 'great leader'
from Egypt vote.
EUROPE
Eurozone crisis live: Spain's Bankia
denies suffering run on deposits. Debt crisis:
live.
Poll shows Greece
electing pro-bailout government.Euro falls to four-month low
as Spain’s debt costs rise.Spain could be locked out of the markets,
says Mariano Rajoy.
Cameron looks to shield Britain
from Euro break-up.
Judge delays Mladic trial
due to evidence errors.After 7 years, no end in sight
to phone hacking scandal.Queen Sofia to snub Diamond Jubilee lunch
over Gibraltar row.
London 2012 Olympics: Torch handed over to Britain
in ceremony today.
AMERICAS
Emergency law considered in
Quebec student protest.
Canada oil sands output
seen beating projections.
Brazil truth commission
begins rights abuse inquiries.
US census shows majority of babies now
from ethnic minorities.
US agents on
deadly Honduran military operation. Murder of Honduran reporter
blamed on drug gangs.
Two Mexican generals detained
over alleged drug links.
Falklands delegation talks oil
to Scottish counterparts.
TERRORISM/THE LONG WAR
FBI confirms leak probe
on al-Qaida plot.
US scale model of
Bin Laden house revealed.
Drone hits an
al-Qaeda convoy in Yemen.
ECONOMY/FINANCE/BUSINESS
Facebook raises
$16 billion in I.P.O.
Global demand for gold
grows 16pc.
IMF chief Christine Lagarde: Greek euro exit
will be 'extremely expensive'.JPMorgan's trading loss is said
to rise at least 50%.'Royal' diamond Beau Sancy
sells for $9.7m.