From Newsmax:

Greece pledged on Thursday to sell off state assets and make deeper deficit cuts, as bonds and bank stocks took another hammering and communist strikers marched on parliament in protest at austerity plans.

The risk premium on 10-year government bonds over benchmark German Bunds hit its highest level since April after a second credit rating downgrade in a week highlighted a lack of trust in a country set to become the euro zone's most indebted next year.

Standard & Poor's cut Greece's credit rating...

Read full article...

More Cruxallaneous:

The euro is doomed

Marc Faber: Dubai debacle just the tip of the iceberg

Euro unraveling: Greece and Ireland could exit the union soon