S&P downgrades France; eurozone recovery clouded

Nov 8, 2013

S&P downgrades France; eurozone recovery clouded

France, and the eurozone’s fragile recovery, were thrown on the back foot Friday when rating agency Standard & Poor’s downgraded French debt by one notch, but the government reacted with defiance. S&P said in strong terms that high debt, taxes and unemployment were squeezing ...