Two biggest French banks downgraded by Moody's
China Daily | Updated: 2011-09-15 07:47
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A cab driver kicks a police barrier outside the Greek parliament during a protest in Athens on Tuesday. About 5,000 taxi drivers gathered in protest, angry at government plans to open up their licensed profession to more competition. The reforms were demanded by Greece's rescue creditors, as part of an effort to cut government spending and regulatory control of the private sector. Thanassis Stavrakis / Associated Press |
PARIS - Moody's ratings agency downgraded two top French banks in a new lurch for the euro zone crisis on Wednesday, and EU leaders issued dire warnings that the European Union could be torn apart by the eurozone debt crisis, as the risk of Greece defaulting grows.
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