UK 'should be downgraded' before France, says ECB's Christian Noyer
The war is on
From telegraph.co.uk
Britain should have its AAA credit rating before France, according to Christian Noyer, head of the French central bank, as the war of words between the two countries heats up following David Cameron's EU treaty veto. A downgrade of France's AAA rating would not be justified and the ratings agencies are making decisions based more on politics than economics, said Christian Noyer, who is a European Central Bank policymaker as well as head of the Banque de France. Standard and Poor's is due to decide whether or not to downgrade eurozone countries in the coming days following an EU agreement on Friday to ..(full story)
The war is on
From telegraph.co.uk
Britain should have its AAA credit rating before France, according to Christian Noyer, head of the French central bank, as the war of words between the two countries heats up following David Cameron's EU treaty veto. A downgrade of France's AAA rating would not be justified and the ratings agencies are making decisions based more on politics than economics, said Christian Noyer, who is a European Central Bank policymaker as well as head of the Banque de France. Standard and Poor's is due to decide whether or not to downgrade eurozone countries in the coming days following an EU agreement on Friday to ..(full story)
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