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Standard & Poor’s isn’t the only big agency in retrieved the maximum credit rate to Spain. Fitch also reduced the credit rating by a step, to AA+, with a ‘steady’ perspective, so isn’t thinking in reduce it again in the future.

This decision was featured one hour after the closing of European markets, but affected Wall Street an the Euro as well. The risk factor in Spain continued to grow and reached 160 basic points. The treasure of Spain highlighted that this rating is still being high.

Fitch returned to trouble Spanish market, specially when looking to the beginning of the next week.

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he new British Government, proposed to charge financial the system with a new tax up to 8000 millions of pounds, to contain the growth of national debt.

According The Independent on Sunday, this figure, is three times higher than the offered in a beginning by the finance ministry , George Osborne, and is a indicative that The United Kingdom needs drastic measures in front of the serious problem with the national debt.

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New Greek National Debt at 10 years has been finally pulled into the market, the emission was a proof to set the reliability of the markets on Greek National Debt. The good new is than in just two hours the demands reached € 15.500 million, the triple of the amount expected.

During all this year, Greece has only made a bond emission. It was in mid January, just before the fears of the market on the Greek National Debt and the high fiscal deficit of Greece , the the country pulled €8000 million at 5 years.

The objective, is spread €5000 million in bonds at 10 years. The analysts expected that the price could be around 310 basic points over midswap, the reference index of that kind of emissions.

The first figures from the demand, have allowed to reduce the expectations about the final price of new Greek National Debt emitted, to 300 basic points over midswap. According sources from the Greek government, the emission of Greek National Debt was closed in just two hours, when reaching €15.500 million,three times more than the amount expected. The interest rate of these bonds could be around 6,4% according Reuters.

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The president and founder of Fitch Ratings, Marc Ladreit de Lancharrière, pointed today that the situation of countries like Spain, Greece and Portugal in front of the market pressure to contain national debt is “Worrying”. Discarded, However, further risk in other countries like the Eurozone.

Speaking in the French Radio Europe Ladreit pointed that the situation in these three countries supposes a new form of financial crisis, highlighted that “the important is the credibility they could suggest”.

The economist pointed that both France and Germany aren’t threatened with a national debt issue, because they dispose of credibility for the investors. “In France and Germany we are so lucky that we have 2 pilots in the airplane” said.

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A team of specialists from the International Monetary Fund will asses the Greek government to find ways to reduce its high level of National Debt and solve this complicated economic situation.

The members From the International Monetary Fund will remain in Athens around a week since tomorrow, when they are scheduled to arrive. However, the organization presided by Dominique Strauss-Kahn didn’t speak about a possible financial aid to Greece.

This team will analyze “possibilities for the International Monetary fund to dispatch technical assistance, about the pension reformation, tributary policy and administration, and budget administration” according the spokesman of the International Monetary Fund informed.

The Economic plans of Greece are being questioned and the government of the country wants to convince the European Investors and the Stranger Investors that they are able to reduce deficit and national debt. Nowadays, Greek public accounts are the worst in all the European Union and the fear of a worse crisis is increasing.

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The German Finance minister, Wolfgang Schäuble, is studying the possibility of postpone to 2011 the fiscal reform accorded by the government, that regards a reduction of taxes by value of €24000 million yearly.

According the newspaper ‘Der Spiegel’, the department estimates that, given the level of German National Debt, the beginning of tax reductions should be postponed by a year or two.

In his coalition agreement, christian-democraths (CDU), liberals)FDP) and bavarian socialchristians (CSU) accorded in October a wide fiscal reformation aimed to reduce the tax charge by €24000 million yearly, beginning from 2011. Those plans have been considered impossible because of several economic reasons.

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Greece will have serious problems with his national debt because its credit ratings have been downgraded to the lowest level in the eurozone on Tuesday, as its deteriorated finances began to spread fear all over the world.

The incoming national debt disaster caused heavy selling of Greek Stocks and bonds and the shares on the Athens stock exchange fell more than 6 per cent.

For first time in 10 years, a leading rating agency, Fitch, has given to Greece the BBB plus grade with negative Outlook, that is lower than A.

Maybe this building will be for sale to pay Greek national debt.

The Greek Finance Minister,George Papaconstantinou, said that the downgrade reflected Greece’s “mounting credibility gap in recent years and an exceptionally difficult fiscal situation” faced by the new Socialist government, which took over in October.

the other main ratings agencies,Moody’s and Standard & Poor’s, have also warned Greece that they can also downgrade ratings on Greek national debt, that is forecast to rise to 125 per cent of gross domestic product next year.

Concern focuses on whether Greece will be able to contain its national debt by implementing a new revenue-raising measures swiftly enough to cut the deficit from 12.7 per cent to 9.1 per cent of GDP next year in line with budget projections.

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