Moody's cuts outlook on EU stability facility to negative | Reuters

Moody's cuts outlook on EU stability facility to negative
| Reuters

The ratings agency said the move followed on from its decision earlier in the week to change the outlooks for Germany, the Netherlands and Luxembourg to negative. All three are guarantors for the EFSF, with Germany holding the largest share at just over 29 percent.
"The change in the outlook of the EFSF reflects the now negative rating outlooks on all but one of its Aaa guarantors - namely Finland," Moody's said in a statement.

Euro exit worry prompts more Greeks not to pay tax
| Reuters
Greeks are notoriously reluctant to pay taxes, but even those that do are holding off at the moment until they are sure their country stays in the euro zone.
State coffers are on track for a 10 percent fall in revenues this month as a result, a senior finance ministry official said on Wednesday.
Two tax officials who declined to be named told Reuters that May revenues fell by 15-30 percent in tax offices away from the major cities and relative wealth centres of Athens and Thessaloniki.
"People are suspending some payments because we are in a pre-election period and also because of uncertainty stemming from a potential Greek euro exit," said the finance ministry official, who requested anonymity.