Tuesday, July 24, 2012

And You Think Germany Will Save EU ?

Moody's warns on Germany's AAA credit rating

French and
        German flags Germany could follow France by having its AAA credit rating downgraded
 
The credit ratings agency Moody's has warned the outlook for Germany's AAA credit rating is negative, the first step towards a possible downgrade.

The ratings for the eurozone's other top-rated economies the Netherlands and Luxembourg were also put on negative outlooks.

Moodys said the countries were at risk from wider eurozone troubles and a possible Greek exit from the euro.
France and Austria lost their AAA ratings earlier this year.

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