Australian economy

S&P Lobs Bombshell into European Debt Talks

December 6, 2011

Standard and Poor’s placed Germany, France, Italy, Luxembourg, Belgium, Ireland, Portugal, Spain, Slovakia, Slovenia, Malta, Finland, The Netherlands, Austria, and Estonia on negative watch for a possible credit rating downgrade within 90 days.  Among participating EMU members, only Greece and Cyprus, the former already sitting at rock bottom and the other reviewed recently, were exempt […] More