The long-term solution is for Greece and other uncompetitive countries to exit the euro monetary union
Central bank says it now expects the eurozone countries to be in recession for the next four months
Rating outlook characterized as “developing”
France loses AAA rating
If you believe the powers in Europe will be guided by sensible economics, then scoop up euro-linked bonds from solid U.S. names
Downgrades reflect the stronger headwinds facing the banking industry as a whole
Placement comes amid deepening political, financial, and monetary problems within the eurozone
Rating based on guarantees from various European nations
Ratings could be lowered by up to one notch for Austria, Belgium, Finland, Germany, Netherlands, and Luxembourg, and by up to two notches for the other governments