Memo: European nations possibly will lose powers
Meanwhile, Standard and Poors placed 15 members of the euro currency union on look at instead of a potential downgrade Monday, so the debt calamity appearing in the eurozone continues to impair.The word applies to AAA-rated nations such what Germany, France, the Netherlands, Austria, Finland and Luxembourg, the U.S.-based repute rating agency whispered trendy a press liberate.A downgrade of France before a different of the regions top-rated nations would cover serious penalty pro the European pecuniary Stability gift.The EFSF, a government-backed bailout collection, can lose its AAA rating if the nations with the intention of last behind it are downgraded.