In mid-January, global rating agency Standard & Poor's (S&P) downgraded nine European sovereigns.
The rating agency justified its decision by pointing to a combination of economic and financial factors along with ‘insufficient' measures taken by European leaders in dealing with the crisis.
Jean-Michel Six, Standard & Poor's Chief European Economist, recently spoke to Gulf News on the outlook for European economies and how the debt crisis is impacting the Gulf economies which are also facing heightened geopolitical risks.
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