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Possible Belgian downgrade by Moodys

  • 07-10-2011 9:17pm
    #1
    Voltex
    Registered Users, Registered Users 2 Posts: 1,584 ✭✭✭


    This story is only emerging so no links yet...but it looks like debt crisis has spread to core € nations.
    Will post a link when updated!


Comments

  • #2
    Voltex
    Registered Users, Registered Users 2 Posts: 1,584 ✭✭✭Voltex


    http://www.focus-fen.net/index.php?id=n261162


  • #3
    SafeSurfer
    Registered Users, Registered Users 2 Posts: 7,109 ✭✭✭SafeSurfer


    France next in the firing line. They see the ESFS as a means to protect their triple A rating. The Germans do not agree.

    www.reuters.com

    Fitch has cut Spain and Italy's rating also.

    Multo autem ad rem magis pertinet quallis tibi vide aris quam allis



  • #4
    Voltex
    Registered Users, Registered Users 2 Posts: 1,584 ✭✭✭Voltex


    SafeSurfer wrote: »
    France next in the firing line. They see the ESFS as a means to protect their triple A rating. The Germans do not agree.

    www.reuters.com

    Fitch has cut Spain and Italy's rating also.
    FFS the French just need to do the honourable thing and make a commitment to their banks and sod the ratings agencies. Anyone remember when Lagarde warned the Irish Goverment against letting a euro bank go at all costs???


  • #5
    Sand
    Registered Users, Registered Users 2 Posts: 12,996 ✭✭✭✭Sand


    The French need to go in and guarantee their own banks out of their own sovereign funding. They cant expect the rest of Europe to pay for their mistakes. They ought to raise their corporate tax rate while theyre at it.


  • #6
    Permabear
    Closed Accounts Posts: 39,022 ✭✭✭✭Permabear


    This post has been deleted.


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  • #7
    Voltex
    Registered Users, Registered Users 2 Posts: 1,584 ✭✭✭Voltex


    Permabear wrote: »
    This post had been deleted.
    I sorta know that myself...but on a day when we really should have seen rallies on the S&P and the Dow after the non farm payroll figures, we had dampened risk appetite due to the euro debt issues. The fact that we are still getting negative headline news about Europe is of great concern
    I used to think that the World had moved on from the old When the US sneezes guide...but really we havent. So if the US is only going to skirt a recession, the impact on us here is Ireland is huge


  • #8
    dsmythy
    Registered Users, Registered Users 2 Posts: 10,560 ✭✭✭✭dsmythy


    Has Belgium got a government yet?


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