France Loses its AAA Status

So, France has lost its tripple A status. The news is being considered as one of the major set back for the incumbent president Mr Sarkozy, who is going to re-election this year.

Indeed, the lost of the tripple A status would add some worries, however, it is a bit difficult at the moment to exactly predict the effects of this lost. Is it going to be negligible or of the importance - we have to see in the coming months.

Let us see if the Europe can handle this crisis or there would be other countries following the suite....