Greece And Cyprus Are Getting Creamed

Cyprus Bank Stock Exchange

Photo: AP

Europe is having a bad day, but two of its weakest member, Greece and Cyprus, are getting creamed today.The Athens market is down 4.4%.

Cyprus is down over 6% after Fitch downgraded the country’s rating to BB+.

There are some rumbling out of Germany about how Greece should stop asking for help, and just fix itself… not exactly promising in terms of getting a renegotiated bailout.

Meanwhile, Italy is down nearly 2.4%.

For a look at how markets are doing more broadly, see here >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.