BEIJING,Aug 11 (Xinhuanet) – Markets around the world rallied, and we were just starting to relax. But don't get too comfortable. Another curveball has been thrown our way. Our top story tonight - French President Nicolas Sarkozy is now worried about HIS nation's triple A credit rating.
That's right - Sarkozy is worried France may be the next victim of eurozone's debt crisis - or, depending on how you look at it - victim of the rating agencies. He held an emergency meeting earlier Wednesday, with his key ministers and central bank chief Christian Noyer, on the current volatile global economic situation.
Sarkozy says the country is preparing new measures to ensure it meets its deficit-reduction targets, which analysts say is part of France's efforts to retain its top-notch triple-A rating. The French president notes the deficit-reduction targets are imperative and will be met, regardless of the evolution of the economic outlook.
The meeting comes amid new fears that France, Europe's second largest economy, may be the next nation to face contagion from the eurozone's debt crisis.
Meanwhile, French Finance Minister Francois Baroin says the government will meet in August, to examine new measures to cut its public deficit.