Deutsche Bank Warns France May Be Put On Downgrade Review Before Year End

Tyler Durden's picture

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Ahmeexnal's picture

With friends like Douche Bank, who needs enemies!?!?

ZerOhead's picture

Frenche Bank Double-dares And Warns Germany May Be Put On Downgrade Review Before Year End.

And so the plot thickens...

gojam's picture

Except it looks like Germany maybe exiting the Euro.

Read This - http://www.pippamalmgren.com/77.html

It's by Dr Pippa Malmgren a Senior Advisor to UBS and it's effectively an apocalyptic scenario.

Germany is insulating itself.

Weakened Euro will continue.

Ahmeexnal's picture

Some people never change.
Maybe they do need to receive the Carthage treatment.

koperniuk666's picture

Interesting to note if true.

I have long held that we should play the board as we see it not as we would wish it to be. Ie there will be more lies, blame and printing  - same old, same old.

But an exit from the Euro by Germany would be a stroke of genius and the best outcome for the WHOLE world ( Even us...)

A chaotic break up of EZ would be messy. an exit by PIGS would be impossible to manage ( printing new notes in secret, runs on banks etc)

But if FRG leaves - their notes could be separated in due course and exchanged for a new (NB _ STRONGER currency~)

The rest would be left to rot as toilet paper....

Note that you can identify who issues your Euro notes on;

http://en.wikipedia.org/wiki/Euro_banknotes

 

gojam's picture

It makes perfect sense. All the dots are joined.

It looks like the Merkozy "Secret Plan".

Should be a lot of upheaval this week.

Here is her Wiki page. She seems to check out

http://en.wikipedia.org/wiki/Philippa_Malmgren

koperniuk666's picture

If you think either of those parties (Merkozy)  has the integrity to act correctly or the intelligence to "plan' anything then you do not have a clue about government. 

It is the blind leading the blind. Ugly people going from one expedient stop gap to the next. Can you not see the FEAR on Merkels face?  Out of depth and nearly out of TIME.

I worked in government for 20 years.  These people are self serving, vain, incompetent cretins of the first order. And they don't give fuck about YOU.

Thanks for the Malmgren link.

 

gojam's picture

No Probs,

If you look though you'll see that "secret plan" is in speech marks.

DoChenRollingBearing's picture

It's not just PIIGS anymore!

Here it comes, bitchez!

kito's picture

they are all of the porcine persuasion

PicassoInActions's picture

Germans wants euro to be cheaper, they are export country. They will play this all the way till weekend. Then we hear positive lies and we get back near 1.40. This game have a precise  schedule.

chaartist's picture

Good Bye ESFS expansions...and also the ESFS leveraging

FunkyMonkeyBoy's picture

 "Iran's Ahmadinejad says US assassination plot accusations meant to cause rift with Saudi Arabia and divert attention from economic woes"

- This man is a pure truth machine, next he'll be telling us 9/11 was an inside job...

 

slewie the pi-rat's picture

what possesses a sandy-haired bankster to tell the truth?

GeneMarchbanks's picture

Only threats to their own existence. Let the defecting begin!

SheepDog-One's picture

'Before year end' means 'before Friday this week'. 

Pancho Villa's picture

France is the new Italy. And if they are not careful, Germany will be the new France.

junkyardjack's picture

Dollars will soon be the new toilet paper

machineh's picture

Stocks will soon be the new Las Vegas houses.

GeneMarchbanks's picture

Bonds the new mushroom cloud.

wandstrasse's picture

Guns will be the new firearms.

oogs66's picture

they were the old mushroom cloud too

falak pema's picture

But USA will remain USA and Mehico, Mehico. 

AngryGerman's picture

Wir sind Deutsche. Wir machen keine Fehler. Suck this, Frenchies

wandstrasse's picture

Wir sind Deutsche. Wir machen keine Fehler

DAS ist unser EINZIGER Fehler.

koperniuk666's picture

Wahr.   War on two fronts was another notable occasion......

 

Oh and buying  BMI.

 

Did I forget Rover?

Or Lidl?

 

 

machineh's picture

France could be put under “negative watch” by the rating agencies before the end of this year.

What the hell are they waiting for? France is no AAA credit.

falak pema's picture

France has more Bordo than it has gold. And so thinks Sarkozy, its my gold to sell to the Chinese. What he doesn't reaiize is that the Chinese prefer Vosne Romanee, not Chatto Laffitte. And he has less Vosne Romanée than even gold....So thats like having copper and thinking you have gold or platinum. Surprise, surprise.

koperniuk666's picture

and it tastes like shit.

I had a bottle of that Romanee Conti once.

Bloody screw cap leaked all over the Ferrari carpets on the way back from Lidl.......

 

 

Arkaenun's picture

"especially now that the market can no longer pull the trick it did for the past two weeks, and stick its head deep in the sand of complete factual avoidance."

Betting they still are able to find a way to do just that.

BlackholeDivestment's picture

...tricks are for kids, sealed in the black hole ...bitchez, but, this generation is ''all grown up'' now and they are all punk'd out and lost within the darkness of deception, lawlessness and pure evil. http://www.youtube.com/watch?v=vvWEKhGU6X4 Frogs can't leap out of this quantum reality. Iran to the resque. Ah haa haa.

hungarianboy's picture

I guess they're short the EURO :-)

 

tekhneek's picture

Let me guess?

"Lowered from AAAAAAAAAAAA^2 to AAAAAAAAAAA- with a chance for another A to be removed... and maybe even ANOTHER minus symbol perhaps even followed by an exclamation... before years end.... we really don't know why the hell we even bother. We're all insolvent. lulz."

Sequitur's picture

Dude I've commented on this a number of times. The ratings are so fucking stupid, a vapid use of "As" to avoid offending the rated (i.e. the companies that pay fees to the NRSROs).

Look at this bullshit from S&P past ratings:

 

AAA   AA+   AA   AA-   A+   A   A-   BBB+   BBB   BBB-   BB+   BB   BB-   B+   B   B-   CCC   CC   R   SD

oogs66's picture

Moody's is better.  It Baa1  Baa2 and Baa3   Ba1   they wanted even more a's

koperniuk666's picture

Whats wrong with a simple  1- 15  score with

1 being 'as good as the UK' - (never defaulted)

to 15 - 'Don't make me laugh'

Perhaps we could rename 'Greece'  - "15" 

(Sadly Tyler doesn't do Greek fonts.......  I'm wasted around here.......)

broke433's picture

This is in retaliation to wanting banks to take bigger haircuts... It's mutha effin on

Nascent_Variable's picture

If history has taught us anything, it is that France will unconditionally surrender to the German banks within a week or two and become their vassal state.

Manthong's picture

".. an acceleration in the resolution process of the Euro sovereign crisis"

Brought to you by the same guys who would prescribe a case of Smirnoff 100 to treat a cirrhosis of the liver patient.

Stroke's picture

The European banks will pass the tests

 

and fail the stress

YesWeKahn's picture

Telling the truth you die, telling a lie you prosper.

wandstrasse's picture

...66 European banks will fail the 3rd stress test, and..

'stress test' and 'fail' - this is a contradiction like 'water' and 'burn'.

falak pema's picture

drowning by numbers? I thought that when the french central bank says we guarantee you to its private banks they CAN'T fail by definition. Or has the cursor moved and now we define failure by what the market says. Double language everywhere as we hear IMF chief declare, "First the french banks must look to capital from their private investors." How can they when all their private money is sitting in US bank accounts, all 1 trllion of it...These banks speak with forked tongue.

Dingleberry's picture

Heeeeeere's REGGIE!!!!!!!!!!!!!!!