Downgrade threat grows as Merkel, Sarkozy plan new EU treaty[Deutsche Welle]
Berlin and Paris have drafted a series of reforms to address Europe's sovereign debt crisis. Meanwhile, one credit rating agency has threatened a downgrade for 15 eurozone countries, including both France and Germany.
German Chancellor Angela Merkel and French President Nicolas Sarkozy have agreed on a series of reforms aimed at saving the euro and enforcing fiscal discipline among eurozone members, the two leaders said Monday evening.
Hours later, leading credit rating agency Standard & Poor's warned that both France and Germany - as well as 13 other eurozone nations - were in imminent danger of losing their triple-A debt ratings.Austria, Finland, Luxembourg and the Netherlands - which, like France and Germany, enjoy the highest possible credit rating - were also threatened with a downgrade on their long-term debt within 90 days.
Lire : dw-world.de
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