Saturday, 17 December 2011

French are felled by triple whammy: Now it's Sarkozy who's out on a limb as UK banks pull funds, Germans side with Cameron and CLEGG attacks their PM

Daily Mail
*Nervous banks pulled £20bn out of France between July and September
*Merkel says she wants to resist Sarkozy's plans to redraw EU rules
*Ratings agency considering downgrading ratings of Italy, Spain, Ireland, Belgium, Slovenia and Cyprus

*Standard & Poor’s puts France on warning that its AAA credit rating is at risk while Britain’s is 'stable'

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