Moody’s strips France of AAA credit rating

Moody’s Investors Service stripped Europe’s No. 2 economy France of it of its AAA credit rating. Moody’s moved France from AAA to AA1 rating. The reasons given by Moody’s for this actions: France’s persistent structural economic challenges Sustained loss of ..

Month: Current Affairs - November, 2012

Peugeot Citroen to get €7-billion bailout

France will provide carmaker Peugeot Citroen, a €7 billion ($9.1 billion) bailout package. Why this move? The government in France wants to rein in rising unemployment. In return of this rescue package the government is expected to demand a reduction ..

Month: Current Affairs - October, 2012

Category: International / World Current Affairs