Telegraph Live - Euro: Reports on rumours that France is going to be downgraded by the credit agency Standard and Poor’s ( S&P), thus France goes from AAA to AA+. This has been on the cards for some time folks, the French Government has for some time getting the French people ready for this downgrade, of course the ramifications are economic and political, it will cost more for France to loan from the markets, also its election year in France, it can be argued that the French President is on his way out, even with his polls raising, the same thing happened to the US, but there the US economy is not run by Germany. Thus expect the Markets on the Monday to go down folks.
Friday, January 13, 2012
France AA+ ? = Downgrade
Telegraph Live - Euro: Reports on rumours that France is going to be downgraded by the credit agency Standard and Poor’s ( S&P), thus France goes from AAA to AA+. This has been on the cards for some time folks, the French Government has for some time getting the French people ready for this downgrade, of course the ramifications are economic and political, it will cost more for France to loan from the markets, also its election year in France, it can be argued that the French President is on his way out, even with his polls raising, the same thing happened to the US, but there the US economy is not run by Germany. Thus expect the Markets on the Monday to go down folks.
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