Gates of Vienna News Feed 1/13/2012

The European Union is unhappy with Hungary’s recent constitutional changes, and is threatening legal action if Hungary does not roll them back. Perhaps coincidentally, the debt rating agencies have just reduced Hungarian government bonds to junk status.

In other financial news, S&P downgraded the AAA debt rating of France, Austria, and several other EU countries. Germany and the Netherlands were spared, but Portugal’s bonds have been reduced to junk status.

To see the headlines and the articles, open the full news post.

Thanks to AC, Egghead, Fjordman, Gaia, JP, KGS, Kitman, Salome, and all the other tipsters who sent these in.

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Caveat: Articles in the news feed are posted “as is”. Gates of Vienna cannot vouch for the authenticity or accuracy of the contents of any individual item posted here. We check each entry to make sure it is relatively interesting, not patently offensive, and at least superficially plausible. The link to the original is included with each item’s title. Further research and verification are left to the reader.