Tag Archives: Europe

France Downgraded by S&P, Losing Triple-A Status: Report

From CNBC…

Standard & Poor’s ratings agency has downgraded France’s credit rating, French television channels reported on Friday, citing a government source.

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The eurozone really has only days to avoid collapse

From Financial Times…

In virtually all the debates about the eurozone I have been engaged in, someone usually makes the point that it is only when things get bad enough, the politicians finally act – eurobond, debt monetisation, quantitative easing, whatever. I am not so sure. The argument ignores the problem of acute collective action.

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Germany told to act to save Europe

Polish foreign minister Radek Sikorski: 'I will probably be the first Polish foreign minister in history to say so, but here it is: I fear German power less than I am beginning to fear German inactivity'

From Financial Times…

Germany is the only country in Europe that can act to save the eurozone and the wider European Union from “a crisis of apocalyptic proportions”, the Polish foreign minister warned on Monday in a passionate call for more drastic action to prevent the collapse of the European monetary union.

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100 protesters burn American flag outside U.S. embassy in London during minute’s silence for 9/11

Anger: Members of the group Muslims Against Crusades burn the American flag during a protest outside the U.S. embassy in London

From The Daily Mail…

Protesters set fire to the U.S. flag outside the American embassy in London yesterday during a minute’s silence to mark the moment the first hijacked airliner hit the World Trade Centre.

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