Protest - and croissants - at Moody's Paris office
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In France, authorities are under increasing pressure from credit-rating agencies about how to run the economy. Moody’s warned last week that the country could lose its triple-A status, and Standard and Poor’s followed suit, saying it will lprobably cut France’s rating if the eurozone slips into recession. At the same time, critics say the agencies have too much power, influencing government policy with threats of downgrades. On Monday morning a group of activists went to Moody's agency in Paris armed with their own credit ratings, and of course, fresh-baked croissants.
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