It isn't much of a drop but it's a sign of an increasing lack of confidence in the €urozone and the ability of the Germans to bail out most of the continent. Standard & Poors downgraded the bailout fund in January and France was downgraded earlier this year from AAA to AA+ which Fitch have cited this as one of the reasons for the €urozone bailout fund downgrade.
Stuart Parr is a 
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