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I never thought that I would take the side of the credit rating agencies but I strongly agree with them that austerity policies in Europe are just not enough to address the crisis.

The following article in the Guardian is a good coverage of this major news story which sees France and eight other European countries downgraded. Check it out!

Eurozone in new crisis as ratings agency downgrades nine countries | Business | The Guardian.

Related articles

• Euro plunges on France rating fears (guardian.co.uk)
• France credit downgrade: what the analysts say (johnhively.wordpress.com)
• National News: France loses AAA credit rating (coventrytelegraph.net)
• France At Risk Of Credit Rating Downgrade (news.sky.com)
• Eurozone crisis: signs of hope … then credit agencies strike (guardian.co.uk)
• Nine European nations suffer credit downgrade as power of rating agencies raises fresh questions (100gf.wordpress.com)
• France ‘to lose AAA credit rating’ (independent.co.uk)
• Downgrade of France’s credit rating dashes uplifting week for eurozone (csmonitor.com)
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• Q&A: Why is a AAA credit rating is the gold standard? (guardian.co.uk)
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• Eurozone credit crisis: the parties of ‘austerity’ are downgrading us all (guardian.co.uk)
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• European leaders critical of S&P’s debt downgrades (seattletimes.nwsource.com)