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42 sats \ 1 reply \ @Coinsreporter 1 Jun \ on: France’s Credit Rating Downgraded by S&P Amid Budget Deficit Concerns econ
I think these ratings are irrelevant considering France is doing well and tightening a belt on the crisis. France has announced spending cuts of €10 billion for the second time this year, isn't it correct?
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11 sats \ 0 replies \ @TomK OP 1 Jun
yes, these ratings can of course have an impact on the bond market and thus make the mountain of debt even more expensive. but your figures are correct. Wait for the recession to hit
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