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S&P Downgrade warning


breizh

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All EZ nations put on notice of rating downgrade. France 2 notches. Greece and Cyprus not put on notice................for obvious reasons!

http://www.leparisien.fr/crise-europe/en-direct-le-sommet-europeen-examine-a-la-loupe-par-standard-poor-s-06-12-2011-1755259.php

Putting them on notice of a downgrade seems so obvious as not to require a press release. So why, so close to the summit? Maybe, I'm cynical, but I get a whiff of conlusion with the Hausfrau. Puts everyone on notice that is the last chance to agree to what she wants, or else! Is this summit more Euroboll*x? I sincerely hope not, or that will 5 summits of BS in a row.

(Must admit, we now cashpool in UK banks!)

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