Unlike other more conservative cities, China has reacted angrily Saturday to the lowering of the sovereign rating of the United States from Standard & Poor's, criticizing the economic policy of the "world's only superpower."
"The U.S. government must resign himself to a painful state of affairs: the good old days when all he had to borrow to get out of trouble he had himself created is over," said the official agency Xinhua particularly virulent in a comment.
As the largest creditor of Washington, China, which holds more than one.000 billion dollars of U.S. debt, "is now in its right to require the United States they face the problem of debt and ensure the structural safety of Chinese assets in dollars," the agency said.
"There is a need for international monitoring on the issue of the U.S. dollar and a new reserve currency, stable and secure, can also be an option to avoid a disaster to be caused by a single country," added Xinhua.
Russia, the third holder of gold reserves and foreign currency in the world behind China and Japan, by contrast into perspective the decision of the rating agency S & P.
"In the short term, this will not affect us," said Vice-President of the Bank of Russia Sergei Chvetsov the RIA news agency, adding that Russia did not intend to proceed in the immediate adjustments to its reserves of gold or foreign currency denominated in dollars.
The Deputy Finance Minister Sergei Storchak, 'sherpa' Russian international summits, for his part felt that the one notch downgrade of the American note was a "moderate correction can be ignored by the terms of managing long-term investment. "
"KEEP A COOL HEAD"
First state to react in Europe, France has affirmed its "full confidence" in the strength of the economy of the United States, the sovereign rating was downgraded by Standard and Poor's, and the ability of the U.S. government out of "this bad".
The French Minister of Economy and Finance, Baroin, spoke on several media to hold reassuring face to the first in the history of the United States.
"I recall that, even under (Bill) Clinton, the U.S. budget was declared in default for a few days.So do not dramatize, keep a cool head, we must look at the fundamentals, "said Baroin on iTV.
Baroin stressed the need to give time to political time.
"The time of democracy, the time for government action, the time of acceptance by the population as those plans that are difficult by definition is not the time for market participants, investors or speculators or even the time it seems a few rating agencies, "he said.
The minister and questioned the relevance of the initiative of S & P. "It begs the question of how an agency like that can make that decision based on numbers that are not consensual.So there will certainly be a debate in the United States, "he noted.
In Berlin, Norbert Barthl expert in budgetary matters to the CDU, the Christian Democrats in power, has in turn "surprised that for weeks, rating agencies have focused their attention on the situation sovereign debt in the euro zone countries without addressing the United States. "
India, an emerging major power likely to be affected by the decision of S & P, has found the situation "serious".
"We will have to be analyzed (degradation). This will take some time.The situation is serious and we have nothing to gain by making comments off the cuff, "said Indian Finance Minister Pranab Mukherjee in the Indian news agency Press Trust of India.