Arab Today, arab today moody\s warns france and britain
Last Updated : GMT 21:34:07
Arab Today, arab today
Arab Today, arab today

Moody\'s warns France and Britain

Arab Today, arab today

Arab Today, arab today Moody\'s warns France and Britain

Paris - UPI

Moody's Investor's Service warned France Tuesday that its credit rating could be lowered if the debt problem spreading through Europe is not contained. The fear of the debt issue spreading further and deeper in the region has already resulted in repeated downgrades of credit scored across Europe. France, however, has the second largest economy in Europe after Germany and is clinging to a top-tier triple A rating, having been downgraded in January by ratings assessment firm Standard & Poor's. Moody's on Tuesday downgraded the ratings of six other European countries, including Italy and Spain, the EUobserver reported. In addition, the credit rating service shifted Britain's triple A status to negative, a sure indicator that its top-tier rating is in jeopardy. British Finance Minister George Osborne said the negative status was a "reality check," that indicated Britain must lower its budget deficit. "This is proof that, in the current global situation, Britain cannot waver from dealing with its debts," he said. France has already begun to take steps to reduce its deficit and remains "determined to press ahead with its actions to boost growth and competitiveness, notably the reform of the financing of welfare, of employment and the reduction of public deficits," finance minister Francois Baroin said in a statement. Spain already heard this week that S&P and the third big ratings firm Fitch's lowered ratings on four of the country's largest banks, including Santander, the largest bank by market capitalization in the 17-member eurozone. "The downgrade of Spain indicates a weakening of its ability to support its largest banks," Fitch said in a statement.

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*

Arab Today, arab today moody\s warns france and britain Arab Today, arab today moody\s warns france and britain

 



Arab Today, arab today

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*

Arab Today, arab today moody\s warns france and britain Arab Today, arab today moody\s warns france and britain

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
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