Sacre bleu! S&P accidentally downgrades France
Moodys, on the other hired hand, says it is studying whether to set Frances rating on notice. A downgrade of French debt would plus pose a domestic problem: President Nicolas Sarkozy, who is likely to accept a re-election battle subsequently spring, has staked his credibility on balancing Frances finances by 2016. var so = original SWFObjecthttp://hosted.ap.org/interactives/2011/europe-austerity/content.swf?SITE=NYCBN, ap-europe-austerity, 610, 540, 10, #FFFFFF; so.