France Reeling From Degradation of Its Scores

After 36 years with the highest score “triple A“, France is experiencing a fall in obtaining an AA+ score, following the economic crisis in this country, and many other European powers.

This news has caused a chain reaction of questions about the future of the country, the damage of the economy and the hope for re-election of President Nicolas Sarkozy.

The rating agency, Standard & Poor’s, recess, too, the note of the Italian debt from A to BBB +, ie the same level as that of Ireland.

The degradation affected the euro. It fell against the dollar to 1.26, the lowest level since August 2010.

(BG)