Greece is likely to default but probably won’t leave the EU, Fitch Ratings said Tuesday. “Concerns over the risk of a break-up of the Eurozone are greatly exaggerated,” Fitch said, according to MarketWatch.
Standard & Poor’s cut its credit rating on Italy to A/A-1. Investors are concerned about the government debt in large economies such as Italy and Spain. [Italy Downgrade]
Vanguard European ETF
Tisha Guerrero contributed to this article.