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Moody's says EU lacks decisive policy measures

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Moody's says EU lacks decisive policy measures

Post by Martyn20 on Tue Dec 13, 2011 1:12 am

Moody's has said the EU has a "continued absence of decisive policy measures", despite last week's summit.
The credit ratings agency reiterated that it will review the ratings of all EU countries in the first three months of 2012.
Another agency, Standard & Poor's, is considering downgrading the debt of 15 of the 17 eurozone countries.

BBC Story

The one thing the big summit last week does not seem to have done is to sort out the Euro crisis. The French got their way and made Cameron do the only thing possible, the Germans would have given us some of the stuff we wanted to keep us in but that was not good enough for the French, oh no.



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