The reality is that what they do over there can effect us in so many ways.
Five European Nations to Be Downgraded by S&P: Report
Published: Friday, 13 Jan 2012 | 1:18 PM ET
Standard & Poor’s will cut the credit ratings of Italy, Spain and Portugal by two notches and downgrade France and Austria by one notch, a French newspaper said Friday, without citing its sources.
The newspaper, Les Echos, said that S&P would spare Germany, the Netherlands, Finland and Luxembourg in its long-awaited adjustment of euro zone sovereign ratings.