The debt ceiling deal is merely a "band aid. certainly not a game-changing breakthrough," and...

|By:, SA News Editor

The debt ceiling deal is merely a "band aid... certainly not a game-changing breakthrough," and keeps alive the possibility of a rating downgrade, Barclays chief European economist Julian Callow says. "S&P’s credibility is at stake here... it will prove hard not to follow through and downgrade U.S. debt,” Danske Bank's Allan von Mehren adds.