More on Germany’s Downgrade by Moody’s

Moody’s Corporation (NYSE:MCO) downgrade of Germany’s AAA  rating to ‘negative’ has set the cat among the pigeons. Concerns about the very existence of the Euro zone come to the forefront, as analysts worry about the impact the seemingly endless bailouts for its profligate neighbours would have on Germany, the main source of bankrolling for the aid. Here are two opposing viewpoints on the downgrade action by Moody’s. Point. Christian Schulz, an economist at Berenberg Bank in London, said, “Opposition to additional commitments for rescue measures is likely to strengthen. The downgrade is thus likely worse news for the euro-zone periphery than for…