It isn't much of a drop but it's a sign of an increasing lack of confidence in the €urozone and the ability of the Germans to bail out most of the continent. Standard & Poors downgraded the bailout fund in January and France was downgraded earlier this year from AAA to AA+ which Fitch have cited this as one of the reasons for the €urozone bailout fund downgrade.
Wednesday, 17 July 2013
Eurozone bailout fund downgraded
The €urozone bailout fund has been downgraded by the rating agency, Fitch, from AAA to AA+.
Eurozone bailout fund downgraded
2013-07-17T18:32:00+01:00
wonkotsane
Bailouts|Eurozone|Fitch|

Comments (0)
About the author:
wonkotsane is an author at Bloggers4UKIP.

Comments

Post a new comment
Comment as a Guest, or login:
Go back
Connected as (Logout)
Not displayed publicly.
Connected as (Logout)
Not displayed publicly.
Posting anonymously.
Your comments may be moderated until Intense Debate decides your "reputation" is high enough to allow them through without needing approval. It won't take long to be approved, just be patient.
Comments by IntenseDebate
Reply as a Guest, or login:
Go back
Connected as (Logout)
Not displayed publicly.
Connected as (Logout)
Not displayed publicly.
Posting anonymously.
Eurozone bailout fund downgraded
2013-07-17T18:32:00+01:00
wonkotsane
Bailouts|Eurozone|Fitch|