On Friday, January 13th, 2012, Standard&Poor’s, a credit rating agency, downgraded the credit ratings for nine Euro zone countries. France’s rating was downgraded by a notch, from a top AAA to AA+. However, the country still has AAA rating from the other ratings agencies, Moody’s and Fitch. The S&P’s decision is a bitter blow to [...]
Posted in Economy and Finance, Europe, Featured, Politics in the World 
Tags: European Union, finance, France, Germany, the euro zone debt crisis 
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On Thursday, September 29th, 2011, the Bundestag, Germany’s lower house of the parliament, overwhelmingly supported a bill to expand the power of the European Financial Stability Facility (EFSF), the single currency’s fund for bailing out indebted euro zone countries. On Friday, the Bundesrat, Germany’s upper house of the parliament, approved the bill as well. The [...]
Posted in Economy and Finance, Europe, Featured, Politics in the World Tags: European Union, finance, Germany, the euro zone debt crisis No Comments »
On Wednesday, September 7th, 2011, the Germany’s constitutional court ruled that the Germany’s contributions to the Euro zone bail-outs were constitutional. A challenge was brought to the court by six German prominent Eurosceptics. Five of them were academics, one politician, a member of Bavaria’s CSU political party (Christian Social Union) and deputy, Peter Gauweiler. Generally, [...]
Posted in Economy and Finance, Europe, Featured, Politics in the World Tags: European Union, finance, Germany, the euro zone debt crisis No Comments »
