NormanH Posted November 8, 2013 Share Posted November 8, 2013 http://www.theguardian.com/business/2013/nov/08/standard-poors-france-credit-rating-aa Link to comment Share on other sites More sharing options...
woolybanana Posted November 8, 2013 Share Posted November 8, 2013 Are you surprised, Norman? Link to comment Share on other sites More sharing options...
Rabbie Posted November 8, 2013 Share Posted November 8, 2013 But what affect is actually going to have on daily life? Link to comment Share on other sites More sharing options...
woolybanana Posted November 8, 2013 Share Posted November 8, 2013 Well, France might have to start paying for its debt which can only be an additional financil burden on the State.And the general sense of depression and anger felt can only increase. More stone throwing mobs of yobs and a President who can't! Link to comment Share on other sites More sharing options...
Frederick Posted November 8, 2013 Share Posted November 8, 2013 This explains things well http://www.nytimes.com/2013/11/09/business/international/standard-poors-downgrades-france.html?_r=0 Link to comment Share on other sites More sharing options...
Gardian Posted November 8, 2013 Share Posted November 8, 2013 The £-€ rate has increased by 3pts in the last week - now at 1.20-ish. Link to comment Share on other sites More sharing options...
Aly Posted November 9, 2013 Share Posted November 9, 2013 France will have to pay more to borrow and to service its growing debt. Its out of sync with most of Europeespecailly Germany. The French govt has made none of structural reforms to its economy demanded by bodies such as the IMF. Hollande has no answers other then more tax hikes. Sarko seems a distant memory of happier times? As for the future more hardship. Link to comment Share on other sites More sharing options...
Alan Zoff Posted November 9, 2013 Share Posted November 9, 2013 A French friend was desperate for Hollande to replace Sarkozy. Now - like his president - he is just desperate. Link to comment Share on other sites More sharing options...
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