But we see the consequences already from Dexia. Several cantons lost several millions of money. Of course, we tax payers will need to pay for this.
|Amount of shares in Dexia per capita|
4 other countries were downgraded as well:
Italy: A => A-
Spain: AA- => A
Cyprus: BBB => BBB-
Slovenia: AA- => A
Surprisingly, the euro went up...