Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

France Warned, Belgium Downgraded

PARIS, Dec. 17 (UPI) — The credit ratings of Belgium and France came under fire this week as plans to solve the European debt crisis failed to impress financial analysts.

Moody’s Investors Service said it would put Belgium at an Aa3 rating, three notches below the top triple-A rating, The Wall Street Journal reported Saturday.

Fitch Ratings, in turn, lowered its outlook for France, dropping it from stable to negative, meaning France’s rating current triple-A rating would be revisited soon.

Fitch said France is the most vulnerable among triple-A rated countries in Europe to a downturn, due to its exposure to government debt that is at the heart of the European financial crisis.

Fitch said the financial solutions agreed to in Brussels two weeks ago — including tighter fiscal discipline and creating a central authority for financial control of EU member states — were “not sufficient to put in place a fully credible financial firewall to prevent a self-fulfilling liquidity and even solvency crisis for some non-AAA euro area” countries, the Journal said.

Fitch also warned Italy and Spain they were at risk of a potential downgrade.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “France Warned, Belgium Downgraded”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.