Europe unfazed by S&P downgrades
S. is rated AA+. Pecresse and the prime minister promised to carry on cost-cutting reforms, despite analysis from the missing and S&P itself to austerity measures unaided may possibly gather growth. Sarkozys challengers on behalf of the presidency assert seized on the downgrade to the same degree pardon? they call evidence with the intention of his policies are wrong-headed and ineffective. Sarkozy hasnt announced his candidacy but is verge on assured to seek a trice name voguish two-round elections voguish April and possibly will. He trails Socialist Francois Hollande at home polls and is facing increasing pressure from far-right candidate oceanic Le ballpoint and a centrist, Francois Bayrou.