Category: France Published Date Written by Stock Market Newspaper
French President Nicolas Sarkozy, said that if the international rating agencies reduce the ''AAA" rating of France, it would be a little more work for them but he also said that they are strong enough to overcome.
Sarkozy, answered questions from the newspaper Le Monde regarding the possibility of France's rating. ''This is an additional problem, however, not a situation that we can't overcome" he said.
Sarkozy, added that they would welcome it with great tranquility and it might be an additional problem, but not an insurmountable situation. "The important thing is our economic strategy, reputation of our economic policy and our commitment to reduce the expanses. Lowering the credit rating of France is not only our problem. This is a problem with a risk of spreading all over Europe. We are already trying to control the status of all of us." 'he said.
President of France, Sarkozy added that his country's policy on the reduction of budget deficits continued with determination.
Last Updated on Tuesday, 13 December 2011 04:39
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