Published on Dec 5, 2011 by Euronews
http://www.euronews.net/ The euro zone is facing a mass downgrade by Standard and Poor's on the credit ratings of most of its members. The warning is directed at EU leaders if they fail to agree on how to solve the region's debt crisis.
The countries include the zone's six triple-A members - Austria, Finland, Luxembourg and the Netherlands, with even the two biggest economies Germany and France under threat.
The extra pressure comes as crisis talks continue in the run-up to Friday's EU summit.
French Finance Minister François Baroin said:
The countries include the zone's six triple-A members - Austria, Finland, Luxembourg and the Netherlands, with even the two biggest economies Germany and France under threat.
The extra pressure comes as crisis talks continue in the run-up to Friday's EU summit.
French Finance Minister François Baroin said:
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