French economy downgraded to AA rating

PARIS - JUNE 30: The Eiffel Tower is illuminated in blue with gold stars, representing the EU flag, to mark the French European Union presidency on June 30, 2008 in Paris, France. French President Nicolas Sarkozy assumed leadership of the European Union and will hold the title for six months. (Photo by Pascal Le Segretain/Getty Images)
PARIS - JUNE 30: The Eiffel Tower is illuminated in blue with gold stars, representing the EU flag, to mark the French European Union presidency on June 30, 2008 in Paris, France. French President Nicolas Sarkozy assumed leadership of the European Union and will hold the title for six months. (Photo by Pascal Le Segretain/Getty Images)

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    French economy downgraded to AA rating

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CNN's Richard Quest speaks to economist Philippe Gudin about the French economy's woes.