European Nations Rally to Voice Backing for U.S. After S&P Cut
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French, British and Russian officials expressed confidence in the U.S. after the world’s largest economy had its debt downgraded.
“France has total confidence in the solidity of the American economy and in its fundamentals,” Finance Minister Francois Baroin said in a statement to Agence France-Presse. U.K. Business Secretary Vince Cable said the dollar is “the key international currency” in the short run. Russia said it won’t review its U.S. investment policy.