Daily: On France as the time bomb at the heart of Europe

Note: this daily will not have links as I am still on holiday. But, I will begin to post more in the coming week and resume a normal posting schedule next week.
Yesterday, Moody's Investors Service finally downgraded the sovereign credit ratings for France from AAA. This was a long time coming because France's sovereign fundamentals are no better than Spain's and Spain is in the midst of a severe crisis. Look at the euro nations with the largest deterioration in their fiscal situation and France...


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