Tuesday, 24 July 2012

Mr Euro on Moody's lowering the outlook for Germany

The Eurogroup's president Jean-Claude Juncker issued this statement following Moody's decision today to lower the outlook for Germany's top credit rating:

"We take note of the rating decision of Moody's which confirms the very strong rating enjoyed by a number of euro area Member States, as supported by the sound fundamentals which these and other euro area countries continue to enjoy. Against this background, we reiterate our strong commitment to ensure the stability of the euro area as a whole".

Thank you Mr Euro for turning negative news into something positive, we feel reassured now.

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