German Euro-Deputy: S&P Downgrade Part of American ‘War Against the Euro’

Posted by John Rosenthal

One of the European parliament’s most influential members, the German Christian Democrat Elmar Brok, has declared that Standard & Poor’s decision to downgrade the credit ratings of nine eurozone member states is part of a “currency war” being waged by the United States against the euro and Europe itself. Brok is a former chair of the parliament’s Foreign Affairs Committee, and he is touted to reclaim that post when committee chairs are reassigned next week.

For details and background, see my new report at the Weekly Standard online here.

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