Downgraded France says it needs more time

PARIS (AP) — France's government has shrugged off the latest downgrade of its credit rating, saying Tuesday that it just needs time for reforms to the sluggish economy to take root.

In Euro Zone’s Crisis, Technocrat in Paris Works Behind the Scenes

PARIS — With France widely expected to lose its vaunted AAA credit rating any day now, the government here is bracing for the fallout.