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Brian the threat of the Uk being downgraded to AA is because of the British Governments economic mismanagement over the last 12 years. Likewise any weakness of the Pound. The excessive levels of Government debt and the refusal to cut public expenditure will hamper economic recovery as the IMF said only a few days ago.
The Euro has many problems of its own and may not survive. if we were in the Euro now things would be even worse.
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