A scenario that involves leaving the euro would do much more damage
Without continuing external financial support, a coercive and potentially disorderly sovereign default could follow
It’s not clear that the latest measures will be enough to solve the crisis
Rating reflects superior political and economic profile and strong flexibility and performance profile, S&P says
Rating agency says the country’s government bond exchange constitutes a default
Actions reflect the intensification of the Euro zone crisis
The best case scenario is one of limiting the damage to the global economy
Countries will find themselves under pressure to announce credible fiscal plans
Economic strength will emerge after downturn without major impairment
Report compares government debt in developed countries