Saturday, December 17, 2011

French Banker Wants Britain Downgraded First

This comment by Banque de France Governor Christian Noyer is causing ripples and is considered to be retaliation to Britain's use of its veto to torpedo the French-German initiatives to save the Euro. Noyer cited the better economic fundamentals of France. The British responded that the markets believe the UK has a credible plan for deficit-reduction. Which would explain why they are able to borrow at lower yields than France.

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