europe coping with downgrades
Last Updated : GMT 13:26:10
Arab Today, arab today
Arab Today, arab today

Europe coping with downgrades

Arab Today, arab today

Arab Today, arab today Europe coping with downgrades

Paris - Upi

Yields on benchmark Italian bonds dipped lower Monday as the European Central Bank purchased more debt to assist debt-burdened countries. Yields dropped to 6.63 percent, The Daily Telegraph reported. News agencies reported the ECB increased bond purchases to $4.78 billion last week from $1.39 billion in the previous week. Credit rating service Standard & Poor\'s Inc. followed up last week\'s downgrade of nine Euro-area governments by doing the same Monday to Europe\'s bailout fund. The downward move from AAA status to AA+ came as no surprise, CNN Money reported. S&P said the bailout fund\'s status is fluid, depending on how European officials react to Monday\'s action. \"The outlook is developing, which reflects that we could raise the EFSF\'s long-term rating to AAA if we see that additional credit enhancements are put in place, but also the likelihood that we could lower the rating further if we conclude that the creditworthiness of the EFSF\'s members will likely be further reduced over the next two years,\" S&P said in a statement. S&P had rattled markets Friday when it lowered the ratings for the nine European countries, including France, which lost its pristine AAA rating, and Italy, which was lowered by two notches. Italian Prime Minister Mario Monti said Monday the European Union was to blame, not the Italian government. German Finance Minister Wolfgang Schauble said Germany would not increase its contribution to the European Financial Stability Fund, set up to help struggling nations. Moody\'s Credit Rating Service said it would continue to review French finances with a potential downgrade in March, The Guardian reported. Demand was strong Monday for a bond auction in France, providing some encouragement for investors. The auction of $10.7 billion in short-term notes was a sellout. Although not as convincing as an auction of benchmark, 10-year bonds, analyst said the auction proved S&P\'s downgrade was not devastating. \"It is doubtful though that the downgrading of sovereign debt for France, Austria, Italy, Spain, Portugal, Malta, Cyprus, Slovakia and Slovenia will have more than a passing influence on bond yields and stress in bank funding markets,\" said Mike Lenhoff, chief strategist at the financial planning firm Brewin Dolphin. Greek Prime Minister Lucas Papademos said discussions on a voluntary reduction of the value of Greece\'s debt had been halted close to an agreement, to give investors time for reflection. Talks were not in jeopardy of being derailed, he said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

europe coping with downgrades europe coping with downgrades

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

europe coping with downgrades europe coping with downgrades

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Solaf happy for participating in “Hotline”

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday