|
|
|
|
Title: S&P downgrades 9 euro zone countries
Added: Jan 15, 2012
Author: newsxlive
Duration: 3:4
Description:
News of a major blow to Europe's economic revival hopes.Credit rating agency Standard and Poor has stripped France and Austria of their top-notch credit rating and rumours swirled in financial markets that its debt-burdened neighbours would be next, complicating Europe's efforts to solve its financial crisis. Standard & Poor's. S&P had warned 15 European nations in December that they were at risk for a downgrade. The downgrades could drive up the cost of European government debt. Higher borrowing costs would put more financial pressure on countries already contending with heavy debt burdens.
Related Videos:
Videos related to 'S&P downgrades 9 euro zone countries'
Channel: News
Tags: credit rating agency euro zone countries standard & poor s&p european government financial markets european nations
credit rating agency euro zone countries standard & poor s&p european government financial markets european nations
Youtube Comments: 1
PlasticPaddieKiller Says:
May 10, 2012 - Time that the Euro zone was destroyed, it's a complete cancer.