Germany downgrade threat sees eurozone CDSs widen

EU flag

Credit default swap (CDS) spreads across the eurozone could not continue yesterday's move tighter after Standard & Poor's (S&P) said it could downgrade 15 member states, including AAA-rated Germany, as a result of the worsening economic conditions on the continent and the continued failure of European politicians to find a lasting solution to the crisis.

It is a big week for the single currency, and S&P's announcement took the shine off yesterday's Franco-German agreement, which promised

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: