Ratings agency Fitch downgrades Greece 's long-term credit rating . The ratings agency says the country is likely to miss its debt repayment deadline of June 30, and that it will be unable to refinance existing loans at a lower interest rate in order to avoid default. It may be exposed to a company that 's exposed to France or exposed to exports to EU . '' The European Central Bank stops providing cheap loans to some Greek banks . Greece 's political instability raises doubt about whether it will stay in the eurozone .
Ratings agency Fitch downgrades Greece 's long-term credit rating . The ratings agency says the country is likely to miss its debt repayment deadline of June 30, and that it will be unable to refinance existing loans at a lower interest rate in order to avoid default. The European Central Bank stops providing cheap loans to some Greek banks . Greece 's political instability raises doubt about whether it will stay in the eurozone .