Posted on 12/21/2011 12:59:17 AM PST by Olog-hai
The British government has blamed the euro for ratings agency worries on its triple-A status amid a widening political gap between Brussels and London.
A UK treasury spokesman told newswires on Tuesday (20 December) that exposure to the eurozone is the main reason why Moody's earlier the same day warned that Britain's top-level grade faces "formidable and rising challenges."
The spokesman said: "The UK is not immune to the problems facing our trading partners in the euro area; the crisis is having a chilling effect across Europe and it is important that the euro area continues to take decisive action to fix their problems." …
(Excerpt) Read more at euobserver.com ...
It couldn’t have anything to do with all that borrowing and spending...
Nicolas Sarkozy blames David Cameron for Euro deal failure
yitbos
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