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?
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.
Hopes for economic recovery in the eurozone were dashed as France's economy stalled and Germany's shrunk in the second quarter. Analysts believe a rebound is unlikely amid Russian sanctions.
Europe's embattled car market has seen its sales figures dwindle in recent years, as the Continent recovered from the global financial crisis. But new figures suggest the worst may be over.
French Prime Minister Manuel Valls has announced a new government after the cabinet resigned following infighting over the country's economy. Analysts said the move was also a signal to France's European partners.
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