Monday, June 13, 2011

France blames the Rating Agencies for Euro's Woes

Liberation, linked here, in English, has a wonderful item of misinformation, from which came this quote:

Do the credit rating agencies want the skin of the euro? After having downgraded with a vengeance, for eighteen months, the public debts of the peripheral countries of the eurozone, some of which were reduced to junk bond status, the agencies are now threatening to declare Greece to be in default. Why?

What a question? How could anybody in touch with events really pose it? Perhaps only in France!



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