Eurozone faces big test as EFSF downgrade looms

euro in black light

Standard & Poor's (S&P) on Monday placed the credit ratings of the sovereign debt of 15 eurozone members on credit watch with negative implications, sparking fears of a possible downgrade for the eurozone bail-out vehicle, the European Financial Stability Facility (EFSF).

The ratings agency said the long-term sovereign ratings of Austria, Belgium, Finland, Germany, the Netherlands and Luxembourg could be lowered by up to one notch, and by up to two notches for other eurozone governments, if

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: