{"id":30287,"date":"2012-01-14T19:02:30","date_gmt":"2012-01-14T19:02:30","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/downgrade_of_debt_ratings_underscores_europes_woes\/"},"modified":"2012-01-14T19:02:30","modified_gmt":"2012-01-14T19:02:30","slug":"downgrade_of_debt_ratings_underscores_europes_woes","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=30287","title":{"rendered":"Downgrade of Debt Ratings Underscores Europe\u2019s Woes"},"content":{"rendered":"<p>Standard &#038; Poor\u2019s downgraded the credit ratings of France, Italy and seven other European countries on Friday, a move that may have more symbolic than fundamental financial impact but served as a reminder that Europe\u2019s economic woes were far from over.<\/p>\n<p>Another memory jog came Friday from Greece, the original source of Europe\u2019s debt troubles. Talks hit a snag between the new Greek government and the banks and other private investors that Athens hopes will agree to take losses on their debt so that Greece can avoid a default.<\/p>\n<p>Together, those developments underscore that even as Europe\u2019s debt turmoil enters its third year, no clear solutions are yet in sight \u201d\u201d despite recent signs that a new lending program by the European Central Bank might be easing financial market pressures.<\/p>\n<p><a href=\"http:\/\/www.nytimes.com\/2012\/01\/14\/business\/global\/euro-zone-downgrades-expected.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Standard &#038; Poor\u2019s downgraded the credit ratings of France, Italy and seven other European countries on Friday, a move that may have more symbolic than fundamental financial impact but served as a reminder that Europe\u2019s economic woes were far from<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=30287\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,50,460,595,592,149,591,200,590,588,119,585,596,584,672],"tags":[],"class_list":["post-30287","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-international-news-commentary","category-european-sovereign-debt-crisis-of-2010","category-credit-markets","category-currency-markets","category-economy","category-euro","category-europe","category-european-central-bank","category-g20","category-globalization","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-u-s-government","category-the-united-states-currency-dollar-etc"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/30287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30287"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/30287\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}