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In France downgrade, Moody’s flags the culprit: the euro Add to ...

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It took Moody’s Investors Service nearly a year to come to the same conclusion Standard and Poor’s reached on France last January: That one of Europe’s standard-bearers no longer warrants a top-notch debt rating. But with 10 months more muddy water under the euro zone’s bridge, the bond rating giant is placing a big share of the blame not on the European Union’s debts, but on its very design.

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