Rating Aftermath France Downgrade Creates Pressure for Merkel

With Standard and Poor's decision to punish nine euro-zone countries with downgrades and to strip France and Austria of their AAA ratings, Germany is likely to face additional burdens in the euro bailout fund in order to ensure cheap lending to save the common currency. Some are calling for Chancellor Angela Merkel to abandon plans for a tax cut in Germany.
With two AAA euro-zone countries losing their top rating, politicians in Berlin believe the bailout will grow more expensive for Germany.

With two AAA euro-zone countries losing their top rating, politicians in Berlin believe the bailout will grow more expensive for Germany.

Foto: Oliver Berg/ picture alliance / dpa