"Noyer is suffering from mass amnesia," writes Damian Reece of the French central banker's...

|By:, SA News Editor

"Noyer is suffering from mass amnesia," writes Damian Reece of the French central banker's comments that it's the U.K. not France whose AAA should be threatened. S&P warned the U.K. in 2009 about its rating, whereupon the country got busy with fiscal reforms. France's rating is at risk over "credibility," not politics.