S&P: France's AAA rating is stable

Jerusalem Post ^ | August 7, 2011 | Reuters

[ScaniaBoy]

PARIS - France's AAA rating is stable, ratings agency Standard and Poor's chief European economist Jean-Michel Six told France Inter radio on Sunday.

< SNIP >

Six said that political leadership and good governance are a major factor in ratings agencies' deliberations about rating reviews.

[ScaniaBoy]

Ouch, that was a real zinger, directed at the US Congress and the White House.

[pepsionice]

So, what is France doing right?

[VanDeKoik]

Not electing an Obama.

[flat]

whoppeeeee we're headin for frankification....

[trebb]

So, what is France doing right?

I guess that whenever the unwashed masses who live off the dole complain loudly, take to the streets and destroy stuff, it must mean that the government has at least decreased the rate at which the welfare checks go up - maybe France is only increasing at half our rate...

[Pearls Before Swine]

So, what is France doing right?

Convincing Germany to harness itself to the EU economy and pull the load.

[Moltke]