“Moody’s cut Ireland’s sovereign rating by two notches to the verge of junk status on Friday and kept its outlook on negative, pushing the euro lower and adding to renewed pressure on the euro zone’s weaker countries. The move sent Ireland’s borrowing costs up and cut short a rare spell of good news after the government said on Thursday it had passed a review of its economic progress by creditors and ratings agency Fitch upgraded its outlook.” http://macedoniaonline.eu/content/view/17969/52/
