Tuesday, November 20, 2012 12:41 pm
News Summary: France says it needs more time
By The Associated Press
GETTING MOODY: Moody's Investors Service stripped Europe's No. 2 economy of it of its AAA credit rating Monday on concerns that its rigid labor market and exposure to Europe's financial crisis threaten economic growth.
COMING ALONG? President Francois Hollande's administration has laid out a series of deficit-reduction targets, vowing to bring France in line with European rules next year.