Sarkozy’s hands are tied by threat of ratings downgrade

As Europe’s leaders prepare for a series of crucial meetings on solving the debt crisis in Greece, French President Nicolas Sarkozy has the most to lose. Moody’s is threatening to downgrade Europe’s second-biggest economy, and a failure to reach a deal could have dire political consquences, reports Bloomberg News.

Read more about how France found itself in a do-or-die situation and how they might survive the coming weeks.

 

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