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France next to lose her AAA rating
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France and Britain are both female and are represented by Marianne (actually she represents the French Republic rather than France) and Britannia respectively. No idea if that extends to all countries though.
It extends to Italy as well. As Burlusconi would confirm, Italy has female representation in the form of Barella, Jacinta, Maria, Madelena, Sabina, Sabrina, Paolina, Ranata, Imelda,......... and lots more.
As for France, as long as it remains solvent until next week I'm OK. Another shopping trip will save me about £1,500 tax on cigars, another £700 on wine, and £200 on beer. This does however, require me to contribute a modest amount to the French Tax Man, but I'll still avoid £2,400 in tax.
Hope I bump into Marianne....0 -
A rise in interest rates on French government debt and weaker growth prospects could be negative for the outlook on France's credit rating, Moody's warned in a report on Monday, adding to pressure on European debt markets.
Worries that France has the weakest economic fundamentals among the euro's six AAA-rated countries have drawn the euro zone's second largest economy into the firing line in the debt crisis this month.
The rating agency said the deteriorating market climate was a threat to the country's credit outlook, though not at this stage to its actual rating.
ReutersThere is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
Rumours around.....could be sooner rather than later!?There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0
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if everyone goes down to AA-, wouldn't that even things out? The same risk ,wherever you invest..
Seems daft as it means an already strapped country ends up paying MORE to borrow, incurring more debt, and needing to borrow more..?Long time away from MSE, been dealing real life stuff..
Sometimes seen lurking on the compers forum :-)0 -
Why daft? - wouldn't you want a higher rate of return if you were lending to someone less likely to be able to repay to cover you for the risk that you might not get your money back?brightonman123 wrote: »if everyone goes down to AA-, wouldn't that even things out? The same risk ,wherever you invest..
Seems daft as it means an already strapped country ends up paying MORE to borrow, incurring more debt, and needing to borrow more..?I think....0 -
France ("La Belle France") is feminine. Germany was "The Fatherland" wasn't it, as was Holland and South Africa, amongst others.
A row (I mean debate) I once had with a French woman who had studied at the Sorbonne, was that there are no official gender distinctions for 'things' in English. Only affectionate, idiomatic, usage (eg for ships, cars or whatever). Everything that isn't either actually male or female is 'it'.0 -
Jennifer_Jane wrote: »France ("La Belle France") is feminine. Germany was "The Fatherland" wasn't it, as was Holland and South Africa, amongst others.
A row (I mean debate) I once had with a French woman who had studied at the Sorbonne, was that there are no official gender distinctions for 'things' in English. Only affectionate, idiomatic, usage (eg for ships, cars or whatever). Everything that isn't either actually male or female is 'it'.
Another example of the French love of elegant complexity for its own sake. Cf 'the Euro', 'Citroen', 'compound steam engines', 'post-modernism' etc0 -
increasing cost of lending also increases the likelihood of someone defaulting, if all their debts cost more..?Long time away from MSE, been dealing real life stuff..
Sometimes seen lurking on the compers forum :-)0 -
brightonman123 wrote: »increasing cost of lending also increases the likelihood of someone defaulting, if all their debts cost more..?
So rates should be lower the higher the risk of default. I wouldn't work.0 -
It's looking inevitable now. The big question though is if it will be by one notch to AA+ or by two to a straight AA.There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0
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