News In Brief

Ticker

German finance minister criticises Spanish downgrade

12.10.12 @ 09:11

  1. By EUOBSERVER

German finance minister Wolfgang Schaeuble Thursday criticised rating agency S&P's decision to downgrade Spain's credit rating, reports FT Deutschland. He said the move was based on a misunderstanding "fuelled by the creation of unrealistic or inaccurate expectations" in the financial markets.