Is Germany Europe’s last hope?

December 6, 2011 05:50

The euro’s time is almost up – so says one of the big three credit rating agencies as it prepares for a mass eurozone debt downgrade. S&P’s announcement shook international markets, with investors cutting and running on European holdings.

­Especially worrying for them this time is that even Germany, seen as the EU’s backbone, is not being spared. Standard & Poor’s justified its decision by pointing out the bloc’s consistent failure to stem its debts, even as nations saw their bond interest rates rocket.

Help Make A Difference By Sharing These Articles On Facebook, Twitter And Elsewhere:

Interested In Further Reading? Click Here