Monday, September 05, 2011

S&P Warns That Eurobonds, As Envisaged, Could Get Junk Rating

“If the Eurobond is structured like this…the answer’s very
simple: if we have a Eurobond where Germany guarantees 27%, France 20%
and Greece 2%, then the rating of this Eurobond would be CC, which is
the rating of Greece,” Kraemer warned. It would be “the weakest link
approach,” he said.

well, then applying the same criteria
start considering for the part of value at risk
US treasury bonds as junk bonds as well

Newt Gingrich Pushing Bill To Allow States To File Bankruptcy Allowing Them To Renege On Pension And Benefit Obligations

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