Standard & Poor's Agency Warned Euro Zone

Standard and Poor's credit rating Agency warned it may cut rating 15 countries in the Euro zone with the worsening debt crisis of the region, and put the agency rankings countries in the Euro zone, including countries with credit ratings distinct, such as Germany and France, under surveillance, with the potential reduction in the step unprecedented refers to the possibility of reducing the rankings of these countries within 90 days.

The Standard and Poor's agency said "The move resulted from our belief that regulatory pressures in the euro area worsened in recent weeks to the extent that they now form the downward pressure on the credit rating of the Euro area as a whole"

The agency noted tightening of credit conditions across the Euro area and the "clear height" in the risk premiums on sovereign bonds.

It is noteworthy that governments and families continue to suffer from large debts in most countries of the euro area, with the increased risk of recession, estimated by Standard & Poor's currently 40% over the next year.

The important factor behind the warning the agency was "continuing disagreements among European policy-makers on how to address the current crisis of confidence in the market, and the longer term, how to ensure a convergence of economic and financial largest among the members of the Euro area".
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