America Lose Their Excellent

The agency said it downgraded Washington in the long term by one degree, “ie. Plusany” because of concerns about the government budget deficit and high debt burdens, express their dissatisfaction with the law passed by Congress early this week to raise the ceiling on U.S. debt.
 
Previously, the rest of the major agencies, credit rating (Moody’s and Fitch) has warned that during the height of the conflict within the Congress about going forwardthat the classification of America’s gallery of the reduction was unsuccessful if thelawmakers in the spending cuts required size.
 
Analysts expect to receive the U.S. market when it opens next Monday by the tremorsdowngrade the U.S., at a time when global markets are known as big losses this week, especially on Friday, where the Dow Jones industrial average its biggest losssince October / October 2008.

Reactions
Have been issued multiple international reactions after the announcement of downgrades and Washington, where he said China – the largest creditor of the United States – that America should blame itself, calling for a global reserve currency is stable.
 
The Economic Adviser to the Prime Minister said that India needed from Washington, a blueprint for strengthening the financial be “credible, because the law passed by Congress is not enough.”
 
And reduced high-ranking official at the Central Bank, South Korea, the implications of reducing the classification of the United States, he said, adding that its impact will be short-term, explaining that it is not a significant difference between the old and new classification for America in terms of the risks carried with it the assets of investors.
 
Pledged to Italian
On the other hand, said Italian Prime Minister Silvio Berlusconi that the finance ministers of the Group of Seven adults will meet within days to agree to a common scheme to cope with the large losses incurred by global markets, estimated at about $ 2.5 trillion this week by the debt crisis of American and European.
 
There was no confirmation of any other Member of the Group of Seven on the upcoming meeting.
 
Italy has pledged to cut public spending in order to restore balance to the budget by the year 2013, in return, requested funding assistance from the European Central Bank, which began days before the purchase of bonds, Portuguese, Greek and Aarlindenah and refrained from buying bonds, Italian and Spanish.
 
Berlusconi’s statement came the day after the contacts he had with German Chancellor Angela Merkel and U.S. Treasury Secretary Timothy Geithner, and the White House said that President Barack Obama contact separately with Merkel and French President Nicolas Sarkozy on the crisis in the euro area.

Source: agencies