Guardian Live: Reports on a rumour that France’s triple A rating is under risk, the cost between French and German bonds has seen a 16 year high for French bonds. Thus if Greece goes down the toilet and French banks are close to default the French Government has stated that it does not need EU money to bailout French banks, well this could be spin folks, thus the present risk to the French credit rating, also the Germans have made it clear that they don’t want to be on the hook with France for debt of the rest of the EU. Watch France folks, Spain and Italy are a problem after Greece, but due to the nature of French society, a welfare centred society , to powerful unions, a work rate that hurts the French economy, if it comes to either France or the Euro going down the toilet, trust me folks the French will sell out the Euro without looking back, with the French is always about France.
No comments:
Post a Comment