Moody's Lowers Credit Outlook For Germany, Netherlands and Luxembourg

Events in the eurozone continue to outpace remedies to some its enduring problems. Greece has a debt payment due in August that it cannot make without further assistance.  Spain's 10 year treasuries hit 7.43% and Italy's are at 6.35%.  That is not sustainable in countries with negative economic growth rates.  The exposure of core eurozone countries to problems in the periphery may affect their AAA credit ratings.  Moody's changed the outlook for three of the AAA nations from stable to negative.