26.08.2013 23:30:00

Spain, Government of -- Moody's: Adjustments In Euro Area Periphery Continue, But Pre-Crisis GDP Unlikely In Medium Term

New York, August 26, 2013 -- The countries of the euro area periphery (Cyprus, Greece, Ireland, Italy, Portugal and Spain) have made significant progress towards addressing the internal and external imbalances and the associated losses in competitiveness that were among the drivers of their unsustainably high public debt burdens, says Moody's Investors Service in a Special Comment published today.

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