La Germany's triple A is untouchable. Or at least, it will be throughout 2012, even in the event of a recession. The reassuring clarification comes from the Europe manager of Standard and Poor's, Moritz Kraemer, now a star after the string of downgrades with which last week he cut the rating of half the continent, including France and Italy.
"We believe that Germany is in a relatively strong position - Kraemer said in an interview with Bild - and that it should withstand a possible recession this year without losing its rating".
The German government is expected to publish its new growth forecasts for 2012 today. And according to press reports, the estimated increase in GDP will be 0,7%.
In addition to the Germans, three other European countries retain the maximum rating for the moment: Finland, the Netherlands and Luxembourg. For them the suspense remains.
