- Prison Planet.com - http://www.prisonplanet.com -

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

James Kirkup
London Telegraph [1]
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.

Full story here. [1]


Article printed from Prison Planet.com: http://www.prisonplanet.com

URL to article: http://www.prisonplanet.com/sp-downgrade-of-france-others-imminent-reports.html

URLs in this post:

[1] London Telegraph: http://www.telegraph.co.uk/finance/financialcrisis/9014579/Debt-crisis-Eurozone-back-on-the-brink-as-France-has-credit-rating-downgraded.html

[2] Italy Downgraded: Credit Rating Lowered By S & P: http://www.prisonplanet.com/italy-downgraded-credit-rating-lowered-by-s-p.html

[3] 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

[4] France warns on credit rating: http://www.prisonplanet.com/france-warns-on-credit-rating.html

[5] Report: France & Germany Begin Talks To Break Up Eurozone: http://www.prisonplanet.com/report-france-germany-begin-talks-to-break-up-eurozone.html

[6] France plots eurozone ‘breakaway group’: http://www.prisonplanet.com/france-plots-eurozone-breakaway-group%e2%80%99.html

Copyright © 2013 PrisonPlanet.com. All rights reserved.