Wednesday, 10 August 2011

France the next victim?

As usual, the effect of the euro debt problem had spread to France. The credit default swap (CDS)rose to a high this week. It is the same level as Italy's CDS in July. This may prompt a possible downgrade for their credit rating.

Imagine France also lose it's AAA rating, it's will be a big problem for European members.

Renomic

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