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11/29/13, "Weak Growth: Agency Strips Netherlands' AAA Rating," Der Spiegel
"The list of eurozone countries with immaculate credit ratings took
another hit this week. On Friday morning, Standard & Poor’s
(S&P) removed the Netherlands’ top rating, downgrading the country
to AA+. This leaves only three countries in the common currency area
with the best grade of AAA: Finland, Luxembourg and Germany. Two years
ago, six countries still had that rating. …
Dutch Finance
Minister Jeroen Dijsselbloem, who is also president of the Euro Group,
recently announced that his country would violate the European
Commission’s deficit rules despite an additional €6 billion ($8.16
billion) austerity package. …
Like Germany, the Netherlands had
long enjoyed a solid reputation for its stability in the euro crisis—an
image that could take a hit as a result of the downgrade. France,
meanwhile, lost its top rating a year ago and was further downgraded
early this month by S&P."...via Free Rep.
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