Eurozone crisis beyond fixing, says Fitch

CREDIT rating agency Fitch told the eurozone last night it thinks a comprehensive solution to the bloc’s debt crisis is beyond reach, as it put a number of the bloc’s economies including Ireland on watch for potential downgrades.

It reaffirmed France’s top-notch triple-A rating but even here said the outlook was now negative over a longer term.

Underscoring the tensions within the bloc over the crisis that has spread relentlessly over the past two years, Italy’s prime minister earlier urged European policymakers to beware of dividing the continent with their efforts to fight its debt crisis, warning against a “short-term hunger for rigour” in some countries, in a swipe at Germany.