Guardian: Reports NO growth in the French economy between April and June. No wonder the AAA rating of France is seen as under threat, also one can postulate that the French Government will have to bailout their banks due to the Greek Sovereign default. As noted by the Daily Telegraph a few days ago the bailouts of the PIGS has already started to damage the economic foundations of Germany and France, the cost of their borrowing has started to go up, with the ECB bailouts of Italy and Spain in essence a short term measure it can be argued that that EU is heading for the financial cliff, either solve the debt problem or go down like the Titanic.
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