Connect with us

archive

S&P Downgrades Credit Rating of France

Standard & Poor‚??s downgraded France‚??s credit rating from AA+ to AA, a move not matched by other credit-rating issuers.

S&P Downgrades Credit Rating of France (Reuters)

Standard & Poor‚??s downgraded France‚??s credit rating from AA+ to AA, a move not matched by other credit-rating issuers. France has pursued economic reforms, but chiefly in the form of tax hikes, not entitlement relief. “If France does not change tack, it condemns itself to further long-term decline,” said Holger Schmieding, an economist at Berenberg Bank.

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

Advertisement
Advertisement

TRENDING NOW:

YouTube Won’t Let You Watch Lauren Southern‚Äôs ‘Borderless’

FOREIGN AFFAIRS

DONKTUM: Restricting the Range of Consciousness.

CULTURE

Lauren Southern’s Borderless Deleted By YouTube. ENOUGH.

U.S. POLITICS

EuroParl Elects: Brexit Booms, Le Pen Beats Macron, Salvini Surges… Greens Gain!?

FOREIGN AFFAIRS

Connect
Newsletter Signup.

Sign up to the Human Events newsletter