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Lower credit rating in the Euro zone was expected – and can give both negative and positive effects

Lower credit rating in the Euro zone was expected – and can give both negative and positive effects

Standard and Poor’s downgrading of the credit rating of nine Euro zone countries did not come as a surprise. For France and Austria, having the highest credit rating is no longer something they can boast about. The question is more about the consequences this downgrading will result in and if it really is as unfair as the Euro politicians claim.

Tags: credit rating, downgrading

17-01-2012 14:26    Comments    Blog