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| Economy |
| Brussels accord on the verge of collapse |
| 2011-12-16 |
| h/t Instapundit Some of the worldÂ’s most powerful investment banks were downgraded by ratings agency Fitch as GermanyÂ’s cherished European fiscal compact appeared to be unraveling. The banks that were downgraded last night include US banks Bank of America and Goldman Sachs, Barclays and FranceÂ’s BNP Paribas. SwitzerlandÂ’s Credit Suisse and GermanyÂ’s Deutsche Bank were also cut. |
| Posted by:g(r)omgoru |