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Moody's may cut AAA French Rating!!!
Ms Sans Serif
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[quote:Ostria1:MV8xNzA5MzExXzI4MjYwNjk1XzQ3MTFFMDM0] [quote:Anonymous Coward 976158:MV8xNzA5MzExXzI4MjYwNTcyXzQ1QjBFNjQw] u should read this... http://translate.google.com/translate?sl=de&tl=en&js=n&prev=_t&hl=de&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.querschuesse.de%2Freallohne-auf-dem-niveau-wie-vor-19-jahren%2F&act=url [/quote] Yes interesting but dont forget late 2008 and the whole 2009 was a real bad period. Economy dive while wages still rise. There had to come to a balance. See the gpd per year http://www.tradingeconomics.com/germany/gdp-growth-annual [/quote]
French paper Figaro (via SeekingAlpha) is reporting that Moody's has made some warnings about bad growth being bad for the French sovereign rating. Due to France's size, and its role in funding the EFSF, the country's AAA-rating is a major pressure point for the whole area.
Read more: [
link to www.businessinsider.com
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