Germany receives a warning from ratings agency Standard & Poor's, as public debt crisis deepens. Berlin is the main donor of the EU and the countries savior of service problems. Until when?
Germany, the last bastion of confidence in the euro area hit hard by the crisis, warned Standard & Poor's rating decreases, according to Financial Times. Agency announcement may be officially released this evening.

Along with Germany, will be warned five other countries that currently have AAA rating: France, Netherlands, Finland, Austria and Luxembourg. All will be classified as "negative credit outlook." Warning to the S & P means that there is 50% chance that the rating of the six EU countries to be downgraded in the next 90 days, the Financial Times notes.

France is likely to see their ratings downgraded by two notches.

S & P warning is actually a total of 15 economies in the euro area, which will be placed under "negative credit outlook." The only two countries in the euro area not covered by the notice are Greece, which currently corresponds notice of default, and Cyprus, which S & P placed under "negative watch".

Rating agency has a hard diagnosis for all the efforts of European leaders involved in the crisis.

"We believe that European politicians lack of progress so far in preventing contagion of financial crisis may show a structural weakness in the euro area and the decision of the European Union," said S & P. Agency announced that it would review the ratings in question soon after the European Council of 9 December.

Some commentators have pointed out that Europeans expected a warning on France, but Germany's presence on the list stirs wonder. That's even more today as Angela Merkel and Nicolas Sarkozy have taken an important step in assembling the plan designed to strengthen fiscal discipline and to restore confidence in the euro area.

S & P movement comes at a crucial time to save the euro area and could attract new criticism from European leaders, who have already repeatedly accused rating agencies that have deepened the crisis, the decisions taken. S & P is the agency that downgraded the rating of the U.S. summer.

Plans to counter verdicts given by agencies of the EU have already been drawn, but are still far from implementation.

For any government, and hence that of Germany, the main effect of relegation rating is increased cost of borrowing.

European officials fear that the European Financial Stability Facility may face problems in raising the necessary money for troubled countries - Ireland, Greece, Portugal - given that it is warranted at this time, the six countries with a solid AAA rating.