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French call for UK rating downgrade sparks storm

From independent.co.uk

Britain must be the first to suffer, says Central bank's Christian Noyer. Anglo-French relations hit a new low yesterday as the head of France's central bank made an extraordinary call for the UK to be stripped of its gold-plated sovereign credit rating. Christian Noyer's attack follows President Nicolas Sarkozy's cold-shouldering of David Cameron at last week's Brussels summit, after the UK prime minister vetoed treaty changes to tackle the region's sovereign debt crisis. Fears over the exposure of France's banks to Europe's strugglers has seen the nation's own triple-A rating come under threat from Standard & ... (full story)

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