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(Bloomberg)   Cheese-eating investor monkeys surrender to French notes yielding record low rates   (bloomberg.com) divider line 4
    More: Followup, European Central Bank, interest rates  
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458 clicks; posted to Business » on 19 Jul 2012 at 11:17 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-07-19 11:36:09 AM
Either the ratings agencies know something everyone else in the world doesn't, or they are complete idiots.
 
2012-07-19 11:45:39 AM

Lost Thought 00: Either the ratings agencies know something everyone else in the world doesn't, or they are complete idiots.


The ratings agencies are usually last to know, so I think we can eliminate that first premise.
 
vpb [TotalFark]
2012-07-19 12:12:09 PM
It's just the people who had their money in Greece, Spain Portugal or Ireland going somewhere safer.

That's part of the problem with a common currency. If you have Euros to invest, why invest in Greece or Spain when you can invest in Germany or France? Unless Greece is paying a really high rate that is.
 
2012-07-19 12:29:27 PM

vpb: It's just the people who had their money in Greece, Spain Portugal or Ireland going somewhere safer.

That's part of the problem with a common currency. If you have Euros to invest, why invest in Greece or Spain when you can invest in Germany or France? Unless Greece is paying a really high rate that is.


Yes, but it's still good news that France remains on investors "good credit list".
 
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