News Headline Summary

Fitch's Riley says Europe losing momentum to deal with sovereign debt crisis

Says:
- Keeping Grece in Euro important for managing crisis but costly.
- Write down of official Greek loans may not be avoided.
- Spain looking at prolonged and painful economic recovery.
- US Fiscal Cliff agreement remains uncertain.

Print 14:38, 15 Nov 2012 - Rating Agency comments - Source: Newswires