Europe is not convincing Moody's. According to the US rating agency, the EU summit of last week has not averted the risk of new financial collapses (there is no "decisive measures") and for this reason it remains confirmed the review of all sovereign debt assessments of the Old Continent in the first quarter of next year.
“The absence of measures to stabilize credit markets in the near term – reads a statement from Moody's – means that the euro area and the wider European Union remain exposed to further shocks and that the cohesion of the euro area remains under continuous threat".
In the wake of this rejection, all of them this morning the European stock exchanges they have opened in red. About an hour after the opening of trading, Milan lost one point, London 0,55%, Frankfurt 0,97% and Paris 0,63%.
