[arista]

Ch4News confirmed later tonight it will be done
and France Gov., is having Emergency Meetings
And France has now Confirmed its Downgraded.




http://www.dailymail.co.uk/money/new...ankruptcy.html

[lostalex]

These credit rating agencies have too much power imo. There should be only ratings from the IMF and World Bank, they are true international institutions, why are private companies allowed to have so much power over the global economy?

[arista]

http://www.guardian.co.uk/business/2...dit-rating-aaa







"Stock markets and the single currency fell sharply as Standard and Poor’s cut France’s AAA rating.
Italy saw its long-term rating drop by two notches, along with Spain, Portugal and Cyprus. Austria, Malta, Slovakia, and Slovenia had their ratings lowered by one notch."

http://www.telegraph.co.uk/finance/f...owngraded.html



Friday the 13th Stuck its Knife into Europe.

[fruit_cake]

I hope this doesn't effect the UK that much, but with them being our neighbours it can't be good news.

[Niall]

I thought France were doing okay. This is a bit random.

[arista]

Originally Posted by Niall

I thought France were doing okay. This is a bit random.

More French banks are backing Greece.





Greece needs to leave the €uro
they are not good enough