International Financial Bulletin: Geithner Resigned From Treasury Secretary &Nbsp, Saying That The S & P Conclusion Was Totally Wrong.
By the United States
sovereignty
The credit rating was downgraded, and Egypt's stock market fell 4.17% on the 7 day, the lowest in two years.
Israel's stock market also plunged 6.99% on the 7 day.
US Treasury Secretary
Turner
A statement said that he would not resign from the position of finance minister.
Geithner, the US Treasury Secretary, said
S & P
Lacking general knowledge of the US budget, its conclusion is totally wrong.
Summers, former chief economic adviser of US President Obama, blamed the S & P for lowering the US sovereign credit rating, but warned the us that there was a risk of a new recession.
The European Central Bank announced that it would buy bonds from Italy and Spain to prevent the spread of the crisis.
Sykes, chief economist of S & P Europe, said that the French credit rating will remain at the highest 3A level.
Brazil officials say Brazil will not sell US Treasury bonds because the US rating is downgraded.
Igarashi Fumihiko, Japan's Vice Finance Minister, said the government will continue to intervene in the foreign exchange market by selling yen.
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