Moody downgrades ratings of ten German public-sector banks

Thursday, November 17th 2011 - 19:53 UTC

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Moody’s ratings agency decided on Thursday to surprisingly downgrade the rating of ten German public-sector banks. This is the first time Europe’s largest economy in the region, which keeps the Euro zone afloat, is hit. Read full article

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briton
This and the other German France link above are interesting, the two kingpins of a Europe ideal, arguing with each other over the ECB, in which Germany basically controls, she wont use the ECB until the very last minute, hoping that others will lessen the burden, Germany knows well that France is in trouble, Germany is powerful and the British control the banking,

As for [Moody ]
Germany has already called for them and others like them to be heavily controlled,
And their actions should not contravene national interest if damaging, already the sound of monetary, integration looms, a two system European state,
Is being called for, germany is thus very worried I think, in the interest of france,
By calling on slight threats of past confrontations if it all fails,

Only then can Germany put its whole power behind Europe, but it will demand, and get
What it wants in return, a united union controlled by German influence,
The only little fly is the British, should we go, or should we stay,
I don’t think the Germans care one way or the other, [but France] on the other hand,
This one is I think very worried of losing face,
Just an opinion,
.
Nov 17th, 2011 - 09:28 pm - Link - Report abuse 0
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ElaineB
You are right that this is a power struggle between the two big players in the Eurozone.

As for whether the UK should stay or go, that is complicated. Europe makes up 50% of our trade and whilst we can still trade from the outside of the EU, many will argue we would not have such favourable terms. Personally, I think we joined too late to have favourable terms anyway.

I cannot see the UK joining Angela Merkel's United States of Europe with her as President. JMO
Nov 18th, 2011 - 08:20 am - Link - Report abuse 0
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briton
your right, we are just not made that way,
france and germany want a united states of europe, as we both know they do not trust each other,
but as the TV, said today, sooner or later something has to give,
either way, europes in for a very tough ride .
Nov 18th, 2011 - 08:32 pm - Link - Report abuse 0
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