Tag: huffington-post

Italy Seeks Charges Against Rating Agencies for Downgrade of Italian Debt; Courts Go Nuts Again
November 13, 2012 0

Italy Seeks Charges Against Rating Agencies for Downgrade of Italian Debt; Courts Go Nuts Again

By News Desk

This month Italy seeks trials over credit downgrades Italian prosecutors have requested that five employees of Standard & Poor’s and two from Fitch be put on trial for alleged market manipulation connected to their downgrades of Italy’s credit rating. The prosecutors contend the accused violated EU rules by releasing the downgrades when European markets were open and by not alerting the Italian government 12 hours before the decisions, dating back to earlier this year and last year, were made public.

French Central Bank Says France Will Enter Recession 4th Quarter; Berlin Suggests Plan For France
November 10, 2012 0

French Central Bank Says France Will Enter Recession 4th Quarter; Berlin Suggests Plan For France

By News Desk

Courtesy of Google translate from El Economista , please consider France will enter recession in the fourth quarter, according to Bank of France . The Bank of France expects the country into recession later this year, to predict a fall in Gross Domestic Product (GDP) of 0.1% in the fourth quarter, the same percentage that fell in the previous three months. If confirmed, it would be the first recession in the French economy since the 2009 crisis.