french economy

Is the French Economy at Risk?

Is the French Economy at Risk?

The French are not too happy. The rating agency Moody have stripped France of their triple AAA rating – downgrading French debt to AA. It probably wouldn’t be so bad, but their English neighbours still retain a AAA rating, despite having a much higher budget deficit. As the English would say, that’s just not cricket. To rub salt into the wounds, the Economist recently ran a cover with several baguettes wrapped around with a lit fuse ready to explode – The French economy on slow road…