An Ateneo Graduate School of Business Advantage
Friday the l3th was not good for Eurozone Countries. S & P removed the highest triple A rating from Austria and France. It is especially difficult because France and Germany are looked upon as white knight of the Eurozone community. Germany maintains its triple A status. (For your information, Greece is C, the lowest in Standard & Poor rating) Moody's and Fitch have not downgraded France. But a number of debt laden countries in Europe were downgraded one or two notches.
What is the meaning of all these?
First, the Euro dived $l.2624, and 97.20 to a yen, the lowest since 2000.
How will this affect the local economy?
How will it affect OFW in Europe? Will it mean slowdown in house sales and domestic consumption?
Friday the l3th was not good for Eurozone Countries. S & P removed the highest triple A rating from Austria and France. It is especially difficult because France and Germany are looked upon as white knight of the Eurozone community. Germany maintains its triple A status. (For your information, Greece is C, the lowest in Standard & Poor rating) Moody's and Fitch have not downgraded France. But a number of debt laden countries in Europe were downgraded one or two notches.
What is the meaning of all these?
First, the Euro dived $l.2624, and 97.20 to a yen, the lowest since 2000.
How will this affect the local economy?
How will it affect OFW in Europe? Will it mean slowdown in house sales and domestic consumption?
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