Debt Crisis Lurches Toward Heart of Euro Zone as Rifts Grow

Sharply divided European leaders faced mounting signs on Monday that the debt crisis was striking at the heart of the euro zone. A major credit agency warned of a cut in the top-grade rating of France, which was one factor in a slide of more than 3 percent in many of Europe’s major indexes. Moody’s Investors Service said that rising borrowing costs and a deteriorating economic outlook were putting pressure on France’s creditworthiness. Moody’s has maintained France’s AAA rating so far, as have the other major ratings agencies, but it warned in October that it could put the rating on review.

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About Giorgio Bertini

Director at Learning Change Project - Research on society, culture, art, neuroscience, cognition, critical thinking, intelligence, creativity, autopoiesis, self-organization, rhizomes, complexity, systems, networks, leadership, sustainability, thinkers, futures ++
This entry was posted in Crisis, Debt, Euro, Europe and tagged , , , . Bookmark the permalink.

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