the good and the bad news is that economist design futures now 10 times faster
Frannce has been doing more right on job creation than any European country
the way to rate countries should be exact opposite of whatever is shortest form of organisation man designs; the 30% discompetitiveness of southern nations didnt happen overnight but we are rating things as of it did
france's only fault may have been supporting the dodo of the euro too long (its pockets arent as deep in the short term casino as germany -only vanity would have caused france to co-share an equal burden of investing in greek hedony - if france gets de-rated that is the end of a single currecy - debate if this is happening and why its greast news for people if it is!
incidentally france has always played the eu to its advantage before - it would be very starnge if this time gemany has trapped it in sharing debt
while france's debt size might be comparable to us; its decision structires being presidential isnt subject to us party politicing ; however about half its economy is public (permitting less new revenue if ncessary to be raised from taxes than usa)
credibility of mitigation risk - (loss of sovereignty)
essf funds would need to be 4 times larger if bailiuts of italy and spain are needed- probably only gerrmany could take lion's share of that funding - why should it - and all of this spirals upwards
the germans gain most from trading with single currecncy but are being asked to put up most loans -if germas left euroe erst might be stabe!
? ecb open ended commitment to any troulbled country to extent it takes to get interest rates levels down to reasonable level (half hearred commitment are wosrt; leadees have so far amplified costs of crisis by being behind curve
? give up with euro