Guardian Live - Euro: Reports on the rumours on a French downgrade, “ The feeling in the City is that France's AAA rating has roughly the same prospects as the average turkey, and is ripe for plucking. ”. As both the left wing Guardian and the right wing Telegraph are going with this story, one has to postulate that the downgrade will happen soon, as stated in previous post this will hit the French ability to raise money on the Markets, thus the ability of the EU to bailout the PIIGS will be hurt, who next folks, Germany? How much money can Germany give to the PIIGS and now much debt can it take on before its own credit rating starts to wobble, and this blog is serious about that folks.
Wednesday, December 14, 2011
France and the Euro
Guardian Live - Euro: Reports on the rumours on a French downgrade, “ The feeling in the City is that France's AAA rating has roughly the same prospects as the average turkey, and is ripe for plucking. ”. As both the left wing Guardian and the right wing Telegraph are going with this story, one has to postulate that the downgrade will happen soon, as stated in previous post this will hit the French ability to raise money on the Markets, thus the ability of the EU to bailout the PIIGS will be hurt, who next folks, Germany? How much money can Germany give to the PIIGS and now much debt can it take on before its own credit rating starts to wobble, and this blog is serious about that folks.
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