CCTV.com - CNTV English - CCTV News

Moody's downgrades eurozone bailout fund

07-25-2012 13:37 BJT

Watch Video

Play Video

Moody’s has lowered to "negative" its top triple-A rating on some of the European Financial Stability Facility’s long-term debt.

The move comes a day after the ratings agency lowered the outlook for its ratings on Germany, the Netherlands and Luxembourg. European leaders had agreed at a summit last month the fund will funnel money directly to distressed banks, rather than governments - once an effective European banking supervisor is set up. Germany has a large stake in the $532 billion rescue fund.

The German government has downplayed Moody’s decision, saying the risks cited by Moody’s aren’t new and are largely based on a short-term assessment.

 

Editor:Zhang Jingya |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program