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Police cordon off the New York Stock Exchange after protesters 'occupied' parts of Wall Street in recent weeks (Photo: Dan Nguyen @ New York City)

US agency issues eurozone ultimatum

US ratings agency Standard & Poor's (S&P) has warned it might lower the grade of all six triple-A eurozone countries if the upcoming EU summit does not deliver.

The Wall-Street-based firm said on Monday (5 December) that a bad summit would hit the ratings of 15 eurozone economies, excluding Cyprus and Greece which already have rock-bottom levels. Five of the top-rated countries - Austria, Finland, Germany, Luxembourg and the Netherlands - might be cut by one notch, while France might g...

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Police cordon off the New York Stock Exchange after protesters 'occupied' parts of Wall Street in recent weeks (Photo: Dan Nguyen @ New York City)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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