A round-up of the key stories across the specialist financial media, including how the Euro break-up is plausible and eurozone downgrades could push EU into a recession
Euro break-up is plausible and Eurozone downgrades could push EU into a recession
Experts warn that if S&P were to downgrade six of the AAA EU countries, including Germany and France, the eurozone might be pushed into a deeper recession as further austerity measures could be implemented, and a break-up of the euro currency is plausible.
A rating agency warning over stresses in the eurozone overshadowed any optimism that Germany and France were close to brokering a deal to rescue the region and pushed the euro lower.
