France finmin says fundamentals solid after downgrade

PARIS Tue Nov 20, 2012 2:35am EST

PARIS Nov 20 (Reuters) - French Finance Minister Pierre Moscovici said on Tuesday that Moody's move to strip France of its prized triple-A rating did not put into question the country's economic fundamentals.

Moscovici, who also pledged that the government would pursue previously promised reforms, added that he disagreed with the ratings agency's comments on the French banking sector.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.