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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.

Mohamed El-Erian

Biography

Author Profession: Businessman
Nationality: Egyptian Quotes
Born: August 19, 1958

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