Sarkozy's Election Hopes Downgraded

Sarkozy's Election Hopes Downgraded

After weeks of speculation, Standard & Poor's has finally downgraded France, alongside eight other euro-zone countries. Europe's second-largest economy saw its coveted triple-A rating slashed one notch to AA+ by the agency. S&P added that the outlook on the long-term rating is negative. Exactly 100 days before voters go to the polls in France's next presidential election, it was an inauspicious Friday (the 13th) for the incumbent, Nicolas Sarkozy.

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