Financial markets in turmoil amid fears more countries could be sucked into Greek debt crisis . Greece 's debt rating downgraded to junk status , Portugal 's rating also lowered two notches . What does the credit rating downgrade mean ? The European Central Bank has been pumping billions of euros a month into the economy and is expected to keep doing so for some time. Country has implemented austere measures to try to curb debt .
Financial markets in turmoil amid fears more countries could be sucked into Greek debt crisis . Greece 's debt rating downgraded to junk status , Portugal 's rating also lowered two notches . The European Central Bank has been pumping billions of euros a month into the economy and is expected to keep doing so for some time. Country has implemented austere measures to try to curb debt .