Users Today : 927
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Total views : 9847245Today, Standard&Poors have discredited France for a while by taking their top rating AAA
and downgrading it to AA. According to Standard&Poors, this was the result of a technical
issue where an automated system did not report proper values for France related to its
actual credit rating. France itself has started investigating in this case also.
Today, Standard&Poors has lowered the Rating for Italy from A+ to A-1 as it thinks,
Italy will also run into big debt problems. While Berlusconi has yet ratified another
54.2 billion Euro savings plan, Standard&poors doubts that Italy will consequently
follow the plan. A high unemployment rate, low invests from other countries…
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