Germany hits back at potential S&P downgrade

Euromoney Skew

Fresh off the wires - German Economy Minister Philipp Roesler and the association of German public lenders, VoeB, hit back at the potential S&P downgrade


German Economy Minister Philipp Roesler and The Association of German Public Banks (VoeB) is hitting back at news that ratings agency S&P has  placed Germany, as well as five other AAA eurozone sovereigns on a credit watch for a one notch downgrade.

According to the Bloomberg newswire:
 



*GERMANY WON'T LET ITSELF BE INFLUENCED BY S&P ACT, ROESLER SAYS

*GERMANY'S VOEB SAYS S&P WARNING CAN CAUSE `MASSIVE UNCERTAINTY'

*GERMANY'S VOEB SAYS S&P TIMING IS BAD

*GERMANY `WILL DEFEND EURO'S STABILITY,' ROESLER SAYS

*GERMAN ECONOMY IS STABILITY ANCHOR IN EUROPE, ROESLER SAYS

*GERMANY ISN'T WORRIED BY SUCH THREATS, ROESLER SAYS


Check out Euromoney.com for the in-depth story.


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