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Eurozone back on the brink as France has credit rating downgraded
Posted By admin On January 13, 2012 @ 8:23 am In Featured Stories | Comments Disabled
London Telegraph 
Friday, January 13, 2012
The eurozone crisis entered a dangerous new phase as France and other European countries had their credit ratings downgraded.
Stock markets and the single currency fell sharply as Standard and Poor’s cut France’s AAA rating.
The agency’s move also threatens to torpedo the main European bail-out fund set up to support struggling countries such as Greece and Portugal.
There are growing fears that Greece is edging closer to defaulting on its debts and being forced out of the single currency, with potentially devastating consequences. Talks between Greece and its creditors were put on hold on Friday.
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URLs in this post:
 London Telegraph: http://www.telegraph.co.uk/finance/financialcrisis/9014579/Debt-crisis-Eurozone-back-on-the-brink-as-France-has-credit-rating-downgraded.html
 Italy Downgraded: Credit Rating Lowered By S & P: http://www.prisonplanet.com/italy-downgraded-credit-rating-lowered-by-s-p.html
 Who ‘made $10bn on 10/1 bet that U.S. credit rating would be downgraded’?: http://www.prisonplanet.com/who-made-10bn-on-101-bet-that-u-s-credit-rating-would-be-downgraded.html
 France warns on credit rating: http://www.prisonplanet.com/france-warns-on-credit-rating.html
 Report: France & Germany Begin Talks To Break Up Eurozone: http://www.prisonplanet.com/report-france-germany-begin-talks-to-break-up-eurozone.html
 France plots eurozone ‘breakaway group’: http://www.prisonplanet.com/france-plots-eurozone-breakaway-group%e2%80%99.html
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