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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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.