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"The risks in the euro zone are "not new" and Germany remains "in a very sound economic and financial situation," the Finance Ministry said. "Germany will, through solid economic and financial policy, defend its 'safe haven' status and continue to responsibly maintain its anchor role in the euro zone," the Berlin-based ministry said in an e-mailed statement.
Moody's lowered the outlook to negative for the Aaa credit ratings of Germany, the Netherlands and Luxembourg. (...) Moody's said risks Greece may leave the euro and an "increasing likelihood" of collective support for countries such as Spain and Italy were among the reasons for its decision."
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Otto Fricke, the budget spokesman for coalition partner, FDP:
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"Germany can only stay on the top of the heap if the countries we're giving aid to conduct economic reforms and make an effort," he said. Moody's rating action "is more helpful than harmful because it's a warning to other European countries that the limits of what Germany can do will be reached eventually."
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