France gets downgraded to BBB+ from A- by Egan-Jones. "Exempted" thus far from the rise in...

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into dark shadows Comments (298)
 
QUICK!
Raise the retirement age back to 65,
oops, I mean 62!

France is going to get flushed down the crapper with the rest of the "Fabian Socialist Society" failures who want nothing but a handout,(Obama' goal) and not giving anything in return for said handout!

Time to get real folks!
This is math kids,
pure and simple!
When something cant last forever,
it will at some point,
END!
14 Jun 2012, 02:47 PM Reply Like

winningtrader Comments (2380)
 
I have a solution. Lower retirement age in France to 58 and hike retirement age in Germany to 75. That is a solution if I ever saw one.
14 Jun 2012, 04:21 PM Reply Like

mickmars Comments (1117)
 
Can France just surrender to Germany? Or do we have to go through all these time-consuming steps again?
14 Jun 2012, 03:01 PM Reply Like

winningtrader Comments (2380)
 
Come on, they need to do the dance. If they don't do that, who is going to feed all those useless financial journalists or do you want them on unemployment benefits as well?
14 Jun 2012, 04:23 PM Reply Like

Spencer Knight Comments (352)
 
Just like the last Egan-Jones downgrade, this one is very vague and useless.
14 Jun 2012, 03:31 PM Reply Like

winningtrader Comments (2380)
 
Well, more useful and less vague would've been an upgrade. Is it the rating company's fault that France's credit is a bit crappy.
14 Jun 2012, 04:25 PM Reply Like

BlueCollarBlueDog Comments (81)
 
Actually, these guys are leading edge.
Why else would sovereigns hate them so?
15 Jun 2012, 05:29 AM Reply Like

untrusting investor Comments (9879)
 
Getting closer and closer to the time for Germany and the northern EU countries to exit the EZ and let France handle the southern EU countries and keep the euro.
14 Jun 2012, 10:08 PM Reply Like