Moody’s: Chance Greece to be cut to junk, growth likely lower for years

Moody’s analyst Lindow is quotes by Reuters as saying there is a chance Greek ratings will be cut to junk. Moody’s decision will depend on the political to implement adjustments. Greek growth is likely to slow for several years, making budget consolidation more difficult the analyst says.

EUR/USD is hanging around 1.3240 with Greece already junk in the eyes of most…