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Debt crisis: Bon appétit!

4 September 2012
The Nation Bangkok

Bon appétit! – Stephff

Moody's Investors Service has changed its outlook for the European Union's Aaa long-term issuer rating from "stable" to "negative". The rating may be subject to a downgrade in the event of a cuts to the ratings of Germany, France, the UK and the Netherlands, which have recently been assigned negative outlooks, and together account for 45% of the EU's budget revenue.