Guardian: Reports on the expected French downgrade, “ could be stripped of its triple-A credit rating before Christmas, raising new doubts about the survival of the euro.. ”. Thus folks it will be interesting to see how the Asian Markets react to the latest from the Euro crisis, the Stock Markets seem to be treading water, thus blog would not be surprised to see another Emergency EU Summit just after the start of the new year, the French elite will go bonkers if France is downgraded, as any downgrade will cost the French Government more to borrow from the markets and affect their ability to fund the bailout fund. The Euro is such a mess folks, how many billions have been throw to bailout the PIIGS, at what point will Europe find a leader like PM David Cameron who will say NO, no more, secure banks, YES, but lets PIIGS go, then the Euro just might have a chance, and even then its 50/50 folks that the Euro will get through, more fun ahead folks.
Sunday, December 18, 2011
France and that Credit Downgrade ?
Guardian: Reports on the expected French downgrade, “ could be stripped of its triple-A credit rating before Christmas, raising new doubts about the survival of the euro.. ”. Thus folks it will be interesting to see how the Asian Markets react to the latest from the Euro crisis, the Stock Markets seem to be treading water, thus blog would not be surprised to see another Emergency EU Summit just after the start of the new year, the French elite will go bonkers if France is downgraded, as any downgrade will cost the French Government more to borrow from the markets and affect their ability to fund the bailout fund. The Euro is such a mess folks, how many billions have been throw to bailout the PIIGS, at what point will Europe find a leader like PM David Cameron who will say NO, no more, secure banks, YES, but lets PIIGS go, then the Euro just might have a chance, and even then its 50/50 folks that the Euro will get through, more fun ahead folks.
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