Brussels accord on the verge of collapse
h/t Instapundit
Some of the worlds most powerful investment banks were downgraded by ratings agency Fitch as Germanys cherished European fiscal compact appeared to be unraveling.
The banks that were downgraded last night include US banks Bank of America and Goldman Sachs, Barclays and Frances BNP Paribas. Switzerlands Credit Suisse and Germanys Deutsche Bank were also cut.
Posted by: g(r)omgoru 2011-12-16 |