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The Hungary downgrade will not help those European finance ministers meeting in Brussels because many of the biggest banks in their home countries are exposed to Hungary, specifically banks in Austria, Germany and Italy, according to research done by BNP Paribas and described by FTalphaville.
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In Germany specifically, social media use at work saw a 10% increase.
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Does the United States, and will the President specifically, encourage Germany to provide that funding in Europe, or would the United States support IMF money going into that again?
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Specifically, I expect Germany to become more proactive in helping quell the crisis, and this more cooperative orientation could serve as a catalyst for a rally.
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Their first stop was Germany, specifically Gates's Huguenot House in Kassel.
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