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Tag Archives: Sovereign Debt
The Downgrade of France
On November 19, 2012, Moody’s downgraded France one notch from Aaa to Aa1. There are two key questions: why did it take so long? and why only downgrade one notch?
Posted in Finance
Tagged Austerity, Euro crisis, France, Germany, Sovereign Debt, Sovereign spreads
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Treating the Symptoms
A massive €530 billion liquidity injection occurred in Europe today in the form of LTRO. This helicopter drop does not solve the Eurozone’s problems: it merely delays them. The ECB is treating the symptoms not the disease.