
Cranes over the construction site of the third-generation European Pressurised Water nuclear reactor (EPR) in the French northwestern city of Flamanville. Ratings agencies have warned that France is exposed to the sovereign debt crisis gripping southern Europe and have threatened to downgrade its hitherto perfect rating.
"Keeping it would amount to a miracle, but I'd still like to believe it," said Jean-Pierre Jouyet, the outspoken head of the AMF regulation agency.
Ratings agencies have warned that France is exposed to the sovereign debt crisis gripping southern Europe and have threatened to downgrade its hitherto perfect rating.
The government has protested that it has embarked on an austerity programme backed by a pact with fellow eurozone members to guarantee deficit reduction.
"I find it wholly regrettable that we are accepting the loss of our triple-A with a kind of fatalism. This loss is not banal, because it will have an effect on the interest rates the state pays," he said.













