France ratings fears put euro under pressure

first_img Show Comments ▼ More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com whatsapp John Dunne Thursday 19 August 2010 6:36 am whatsapp Share THE Euro dropped this morning after market fears that France could face a downgrade of its AAA credit rating in the long term.Fears were triggered after credit ratings agency Moody’s found earlier this week that the country’s rating was secure for now but could be under pressure in the future as uncertainty remains over its economic revival. President Nicolas Sarkozy called an emergency summit meeting with prime minister Francois Fillon, finance minister Christine Lagarde and budget minister Francois Baroin to discuss the country’s economic problems following the Moody’s report. The meeting, tomorrow (Friday) will discuss a new package of cuts, it is understood.A market source said: “People are very jittery on the European markets. Although in the short term France’s rating looks safe it is beyond that which is causing concern.” France ratings fears put euro under pressure Tags: NULLlast_img

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