Tuesday, January 17, 2012

S and P downgrades downplayed

Published on Jan 17, 2012 by
http://www.euronews.net/ In the aftermath of the so-called 'Black Friday' mass downgrading of eurozone countries, politicians and economists were quick to play down the significance and impact of the move.

Indeed at an auction of short-term French government bonds on Monday the country's borrowing costs went down.

On Friday, France and Austria lost their AAA credit ratings from Standard and Poor's - slipping one notch to AA+.

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