The euro tumbled and stock markets retreated on today after speculation swept markets that ratings agency Standard and Poor’s was set to downgrade several euro zone countries."A senior euro zone government source" said several countries would be downgraded, but the region’s leading economy, Germany, was not included in S&P’s rating action.
“There seems to have been some sort of a leak from S and P and whether this is real or not, who knows. But the market is selling off as a reaction to this, giving it some credibility.”
Note EU-Digest: when is the EU finally going to wake-up and close the door to these Anglo Saxon financial speculators and their collaborators, operating and influencing the European economy.
For more: Stocks fall on euro zone downgrade talk - The Globe and Mail
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