“It is hard to imagine that, having downgraded the US, S & P will not follow suit on at least one of the other members of the dwindling club of sovereign AAAs. If this were to materialise and involve a country like France, for example, it could complicate the already fragile efforts by Europe to rescue countries in its periphery.”
Quote by Mohamed El-Erian
Author
Mohamed El-Erian
Mohamed El-Erian is a renowned economist and investment expert. Born on August 19, 1958, he has extensive experience in economic consulting. El-Erian has held senior positions in several international financial institutions and has a significant influence in global financial markets. more
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