S & P degrades the note 9 countries euro area

Eurozone yesterday expressed its determination to do everything possible to keep the triple A fund temporary rescue of 17 countries of the euro, once the Agency Rating Standard & Poor's (S & P) degrade the note from nine countries in the area of the common currency.

"The members of the European Fund for financial stability (EFSF), underline their determination to explore your options to keep the note AAA of the temporary Rescue Fund" to which support with its guarantees, indicate in a statement released by the President of the Eurogroup, Jean-Claude Juncker.

Standard & Poor's yesterday withdrew the highest rating "AAA" Note to France and Austria, being the second largest contributor Paris guarantees to the EFSF amounting to 158,488 million euros, behind Germany (211,046 million). The 17 countries of the eurozone "take note" of the decision of the Agency to lower debt of France note, in a step u000aAustria, Malta, Slovakia and Slovenia, and degrade in two steps of the note of Italy, Spain, Portugal and Cyprus, but insist that they have taken "measures" that, combined with the decisions of the European Central Bank, have managed to substantially reduce tensions in the markets of sovereign bonds and interbank.

"The heads of State and Government took bold and ambitious decisions on December 9 to advance in a stronger economic Union through a new budgetary Pact, a strengthened economic coordination and acceleration of structural reforms", said Juncker.

To do so all the countries of the EU with the exception of the United Kingdom will in the European Council in the next 30 days its approval to the Treaty on the Pact budget then sign it and send it to the parliaments for approval and subsequent ratification, said also Prime Minister of Luxembourg.

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