Fresh problem for Euro Zone post Rating downgrade by S&P

At last the mass downgrade by Standard & Poor's has come for the Euro Zone Countries. This will definitely disturb the area and all over the World again. Euro which is already under pressure since last few days against USD will come under fresh pressure. Euro is already trading below 1.30 since last 10 days. The Big Brother France has been downgraded from its AAA tag but Germany just escaped the wrath. Nine out of 17 Countries has been downgraded . In Euro Zone recession is likely to continue in most of the Country in 2012. Rating downgrade will keep on challenging the Countries in the near future also  and it will disturb their ability to do funding. Existing sovereign loan repayment will be a big challenge for most of the Countries. Regular comments from top Economist about the future of Euro currency existence and European Union survival is going to bother all having vested interest in Euro Zone area and having Exposure of Euro currency.. The entire Banking sector of Euro zone is in serious strain and when what will happen to which Bank is not known to any one. Entire Euro zone is like to De grow by 1.5% in 2012. Lets us see what will be the outcome of the European Union meet on 29^th January 2012.