Moody's rating agency has downgraded the eurozone rescue fund, the ESM, in the same week that Greece has gotten more bailout money and France's rating was cut. More trouble ahead for the eurozone?
Two days after his government narrowly survived a confidence vote, French President Hollande went on the offensive to defend his presidency. The battle is far from over.
German Chancellor Angela Merkel has urged fellow eurozone partners to deliver on their promise to enforce sound budget policies. She said Europe's credibility was at stake, should a laxer attitude gain traction.
German Chancellor Angela Merkel has praised France's "ambitious" reforms program following talks with French Prime Minister Manuel Valls. Merkel said adherence to the European stability and growth pact remained key.
Credit ratings agency Moody's has upgraded Portugal's debt evaluation by one notch. The agency cited a more stable financial outlook, with Lisbon now enjoying renewed access to borrowing on the public debt market.
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