Review of financial and economic press: France surpassed Britain in the ranking of the largest economies in the world
S & P downgraded the credit rating of Australia
The rating agency Standart & Poors (S & P) downgraded the credit rating AAA of Australia from stable to negative, Bloomberg writes. "The negative outlook reflects our view hat without decisive policy action shortfall in the budget can be kept for several years. Current budget deficit may not be compatible with a high level of external debt and does not match the rating AAA », - explained S & P.
ECB threatened Slovenia with a lawsuit
The European Central Bank (ECB) said that it would go to legal action against the Slovenian authorities after police raided the country's central bank in Ljubljana and grabbed information belonging to the ECB, Reuters reported with reference to the ECB President Mario Draghi.
German Finance Ministry: British referendum has not yet affected the German economy
The outcome of the British referendum does not have a significant impact on the German economy, according to Finance Minister Wolfgang Schaeuble. He noted that "no significant changes have occurred", which is confirmed by the German regulator.
France surpassed Britain in the ranking of the largest economies in the world
After another weakening of the pound sterling France surpassed the UK in the ranking of the largest economies of the world according to Reuters. Both countries in turn occupy the fifth place, depending on the exchange rate