Debt crisis hits Portugal

ATHENS - GREECE was pushed to the brink of a financial abyss and started dragging another eurozone country - Portugal - down with it, fuelling fears of a continent-wide debt meltdown.

Stocks around the world tanked after ratings agency Standard & Poor's on Tuesday downgraded Greek bonds to junk status and downgraded Portugese bonds two notches, showing investors that Greece's financial contagion is spreading. Read more...