Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Economy
In reply to the discussion: STOCK MARKET WATCH, Thursday, December 15, 2011 [View all]xchrom
(108,903 posts)28. France stokes eurozone row with call for UK credit downgrade
http://www.guardian.co.uk/business/2011/dec/15/france-eurozone-row-uk-credit-downgrade
Tensions between London and Paris were heightened further on Thursday after the head of France's central bank suggested that the UK was a candidate for a credit rating downgrade.
France is bracing itself for the potential loss of its coveted AAA rating after two credit agencies last week indicated they were considering marking down countries in the eurozone.
But Bank of France governor Christian Noyer said they should instead be looking at the UK because of the scale of debt and inflation and the poor levels of growth and bank lending on this side of the Channel.
His comments came a day after French president Nicolas Sarkozy was quoted as branding David Cameron an "obstinate kid" for refusing to sign up to a treaty to rescue the euro last week.
Tensions between London and Paris were heightened further on Thursday after the head of France's central bank suggested that the UK was a candidate for a credit rating downgrade.
France is bracing itself for the potential loss of its coveted AAA rating after two credit agencies last week indicated they were considering marking down countries in the eurozone.
But Bank of France governor Christian Noyer said they should instead be looking at the UK because of the scale of debt and inflation and the poor levels of growth and bank lending on this side of the Channel.
His comments came a day after French president Nicolas Sarkozy was quoted as branding David Cameron an "obstinate kid" for refusing to sign up to a treaty to rescue the euro last week.
Edit history
Please sign in to view edit histories.
Recommendations
0 members have recommended this reply (displayed in chronological order):
97 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
OMG. Ohio finally has re-drawn the districts. We are going to be in Boehner's district
DemReadingDU
Dec 2011
#22
One of the EU leaders said something like -- London wanted to be the Cayman Islands of the EU!
FarCenter
Dec 2011
#46