AMSTERDAM—Economic data, statements by politicians, as well as the rating agencies rocked European markets last week.
European Market Insight: S&P Downgrades Shock the Market
Analysis: Economic data, statements by politicians, as well as the rating agencies rocked European markets last week. S&P downgraded the AAA ratings of France and Austria to AA+ last Friday.
French Economy Minister François Baroin (R) leaves the Elysée Palace on Jan. 13 in Paris, from a meeting with French President Nicolas Sarkozy after Standard & Poor's cut France's credit rating by one notch to AA+. Miguel Medina/AFP/Getty Images
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