Ratings agency Standard and Poor’s has put almost the entire eurozone, including Germany and France, on “credit watch” due to fears over the impact of the debt crisis, BBC News reported.
S&P’s move means six countries with top AAA ratings would have a 50% chance of seeing their ratings downgraded.
The news came as a surprise to investors and saw stocks fall back on early gains as the euro also fell.
France and Germany say a new EU treaty is needed to tackle the crisis.
The proposal came after talks in Paris between French President Nicolas Sarkozy and German Chancellor Angela Merkel.
Armenian News
No comments:
Post a Comment