Friday, January 6, 2012

Sarkozy Takes a Page out of Merkel's Playbook

But why? It might have something to do with rumors that Greece may be about to leave the Euro zone, whether forced or voluntary, I have no idea. In any case, Merkel made a similar comment not too long ago, something along the lines of 'don't take peace for granted' or something like that.

Or perhaps....

Either way, France and Sarkozy may be facing their economic Waterloo quite soon.

As we all probably know, this excerpt from Reuters just today is probably not an "if", but "when"

"S&P announced on December 5 that it was reviewing the ratings of France and other euro zone countries for possible downgrade and singled out France as the sole AAA-rated country that might be dropped two notches as opposed to just one."

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