just in:
S&P is placing EFSF long term AAA rating at negative watch.
EFSF can have rating of that of lowest member country.
if thats the case, EFSF can be considered junk instrument and therefore very very bad for euro!
i am not sure when this will happen though.. could be next week, next month, next year... oh yeah, all of those timeframes will happen just about next week.. (2 weeks left in the month/year and the last week is no market)
S&P is placing EFSF long term AAA rating at negative watch.
EFSF can have rating of that of lowest member country.
if thats the case, EFSF can be considered junk instrument and therefore very very bad for euro!
i am not sure when this will happen though.. could be next week, next month, next year... oh yeah, all of those timeframes will happen just about next week.. (2 weeks left in the month/year and the last week is no market)