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European stocks were little changed as the region’s finance ministers prepared to meet to discuss Greece’s finances.
Euro-area finance ministers will discuss ways to fill a 15 billion-euro ($19.2 billion) gap in Greece’s public accounts at a meeting scheduled for 5 p.m. in Brussels today. The options under consideration include recycling ECB profits on Greek bonds, charging Greece lower interest rates and extending repayment deadlines.
Moody’s Investors Service downgraded France to Aa1 from Aaa and maintained a negative projection, citing a worsening growth outlook for Europe’s second-largest economy. Standard & Poor’s cut the nation’s rating in January.
Credit Suisse Group AG fell 2.4 percent after saying it will reorganize its investment bank.
Fiat SpA slid 4.6 percent as UBS AG cut its recommendation on the Italian automaker.
FTSE 100 5,733.21 -4.45 -0.08%
CAC 40 3,436.26 -3.32 -0.10%
DAX 7,144.96 +21.12 +0.30%
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