Eurozone Braces for Fallout from Credit Downgrades

European leaders are scheduled to meet on January 18th to prepare for yet another summit on January 30th to discuss the debt crisis. No doubt the latest round of sovereign credit rating downgrades and the potential impact of this latest development will be part of the agenda. On Friday, Stadard & Poor’s removed France’s triple-A rating and also cut ratings for several other countries including Spain and Italy.

Source: Bloomberg

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