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Dow Jones registered growth of 0.7% and reached 10471.5 points. Nasdaq closed with loss of 0.3% and 2190.3 points. S&P 500 also closed with loss of 0.2% and closed the week with 1107 points. The London FTSE 100 did not do so well – closed with loss of 0.7% and 5261.1 points. In Japan Nikkei also registered fall of nearly 1% after closing the week with 10107.9 points.

The Athenian stock exchange fell with 8.8% this week, even though countries like France and Germany expressed their support regarding Greece and its economy. Angela Merkel said that “whatever happens to a EU country, it has an effect to all the rest, especially if we share the same currency. The future of Greek economy is responsibility of the whole Eurozone.” European Central bank President Jean Claude Trichet also supported Greeks by saying that “bankruptcy of Greece is out of the question, as well as taking the country out of the EU.”

Though, this did not help the credit rating of the country. One of the biggest credit rating companies Fitch, lowed the credit rating of Greece from A- to BBB+, keeping in mind that a rating of BBB- does not recommend any investments, because the market is too risky. And one reason for this is the degradation of the Greek national debt – 126% of the GDP.

The Euro fell in comparison to the British Pound and the Dollar, after the other rating agency Standard and Poor’s lowered the short term plan of Spain’s national debt to a “negative” status. This combined with the bad media campaign regarding the Greek economy, pressured the incestors trust to hit new bottom in the Eurozone.