Dr Peter Morici: Rating downgrades; S&P got France right, Germany wrong
Jan 17th, 2012 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Dr Peter Morici: Standard & Poor’s was correct to downgrade the credit ratings of France and seven other Eurozone governments, but wrong to affirm Germany’s AAA status. The euro will inevitably collapse and chaos will follow, endangering even the strongest governments.