Europe's Fiscal Agreement Falls Short for Global Markets
The Washington Times › December 13, 2011
Linked as:
Summary
Despite much fanfare at a summit last week, European leaders failed to convince global investors that they are on their way to solving their massive problems with debt and recession.
Global markets swooned Monday, with the Dow Jones industrial average losing as much as 234 points and European stock indexes plummeting by up to 4 percent, after two more Wall Street credit agencies warned that the summit's debt reduction accord does not go far enough and worsening economic and financial conditions continue to threaten the health and existence of the eurozone.See the full content of this document
Extract
Europe's Fiscal Agreement Falls Short for Global Markets
Moody's Investors Service noted the "absence of decisive policy measures" at the summit to ease severe financial stress, and said it will consider downgrading many European countries early next year.
"The longer the incremental ap...See the full content of this document
Sponsored links
