Monday, September 26, 2011

Leveraging the EFSF could imperil France's Triple A rating!

There has been much speculation today that the next step in the disaster that is the euro crisis will be a route described as leveraging the EFSF, effectively letting rip the money printing presses within the European Central Bank.

S & P last evening New York time, however, have already gone on record as stating this could endanger the triple A credit rating for some countries backing the EFSF, read here.

For more detail on these machinations, please read the linked article from the posting immediately beneath this post.

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