PARIS — France lost its top-tier credit rating Friday, the finance minister announced, dealing a strong blow to the country’s effort to redress its finances and to President Nicolas Sarkozy’s campaign to get reelected.Read the rest here.
The rating cut by Standard & Poor’s, expected to be announced later Friday in New York, moved France from AAA to AA+. It was a slight drop, but one likely to prove significant as the French government turns to financial markets to borrow money on top of an already crushing debt.
is the blog of an Orthodox Christian and is published under the spiritual patronage of St. John of San Francisco. Topics likely to be discussed include matters relating to Orthodoxy as well as other religious confessions, politics, economics, social issues, current events or anything else which interests me. © 2006-2024
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