S&P could downgrade Euro countries’ credit ratings, because they’re no fun
- 15 number of European countries S&P put on ”creditwatch negative,” meaning that there’s a 50/50 chance of an upcoming downgrade; all use the Euro as currency
- two number of countries that didn’t get the Euro which didn’t receive the downgrade — Cyprus (which already is “creditwatch negative”) and Greece (which is Greece) source
» A serious dent in the stock market’s mood: Earlier in the day, things were looking up — France and Germany, the two responsible parents of the region, pushed a new treaty to convince the rest of the region to shape up, and Italy’s Mario Monti made a good impression on investors by introducing a sweeping austerity plan in the country over the weekend — but the S&P decision sucked the life out of the room. It’s not the first time S&P has played the heavy, either.