France Downgrade Rumor? France-Bund Spread Explodes

Tyler Durden's picture

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Quintus's picture

And the Euro is up 90bps against the dollar?

Arius's picture

because it is a rumour ... these people like to play it safe .... lets see the downgrade than we move ...

show us the money - show us that you mean business!

Quintus's picture

Yeah.  I'll believe it when I see it.

bernorange's picture

"Now go away or I shall taunt you a second time!"  /snark

www.pmbug.com

Quintus's picture

Quoting from Monty Python's "Holy Grail" film.

Peter K's picture

EUR/USD is always the last domino to fall:) PS MidEast names buying today, supposedly.

abugarance's picture

great base for a short against the suckers bitchez

slaughterer's picture

I have heard about this rumor of a French downgrade from S&P all week. 

pendragon's picture

eurusd doesn't seem to have noticed

qussl3's picture

Ben better print.

This incessant EUR bid is getting comical.

ziggy59's picture

I love roasted FIGS

Mae Kadoodie's picture

You gotta eat your OAT Spread in the morning!

ArkansasAngie's picture

Maybe the French should be allowed to vote, too.

YHC-FTSE's picture

Unless a coup deposes G-Pap in the next few weeks, I foresee shedloads of Mori and GfK pollsters flying to Greece to gauge the outcome of the referendum. 

Cdad's picture

So is the Pacific Ocean also going to buy French debt, too?

Overflow-admin's picture

Non, the Pacific Ocean IS french debt ;)

Kokulakai's picture

The union won't survive democracy.

melanie's picture

Festering anger, Nazi war crimes and the £60bn the Greeks believe the Germans owe them

http://www.dailymail.co.uk/news/article-2056400/Greece-debt-crisis-Greek...

 

wang's picture
wang (not verified) melanie Nov 2, 2011 7:57 AM

 

 

The SS indulged their bloodlust on men, women and children alike. While homes and shops blazed around them like some hellish inferno, women were violated and those who were pregnant were stabbed in the guts. Small babies were bayoneted in their cribs. The village priest was beheaded.

By the time Hitler’s men had left the Greek village..

Hitler’s men even raided the Greeks’ central bank, forcing them to give Germany a massive ‘war loan’one that has never been paid back,..

meanwhile Benito Mussolini, the fascist dictator of Italy, was desperate to show Hitler that he, too, could launch a blitzkrieg. And so, in October 1940 the Italians attacked Greece..

To make matters worse, the Royal Navy mounted a blockade of Greece,

 

GOSPLAN HERO's picture

National Socialists are brutal.

qussl3's picture

Compare Japanese and Chinese versions of Nanking, the truth is probably somewhere in between, not that it will ever matter to either.

Which version of history is that link drinking from?

wang's picture
wang (not verified) qussl3 Nov 2, 2011 8:09 AM

Japanese version - never happened

PY-129-20's picture

http://www.welt.de/politik/deutschland/article13610386/Schuldet-Deutschl...

Paris conference in 1945/1946 - there was an agreement on reparations. Then 1953 there was a second agreement in London on this topic. Then 1990 there was another agreement.

It is estimated that Germany already paid around 30 bn Euros since the end of WWII. We also paid around 115 million DM for individuals (which was accepted by  the Greek government) And still we are getting new claims of victims of that time.

I understand that it is still a difficult topic - I agree that Germans robbed the country and did terrible things to the local public (not all Wehrmacht soldiers, but certainly unforgivable things happened there). I can understand the scorn of people that lived at the time. I can understand if they still hate Germans or resent them.

But where do we draw a line? We paid and paid and paid - through EU subventions (not only for Greece) - and that is fine. People that suffered should get money and more important - an acknowledgement that they were treated badly and inhumane. There is not more we can do - we can ask for forgiveness and we have done so. And I know that some people will never accept this - I can understand that.

But we are now closer to a generation that never went through the horror of WWII.

Forgiven's picture

Voila bitchez!

Cone of Uncertainty's picture

Hey didn't you guys see Dick Bove on CNBC yesterday?

You idiots, Dick said US bank stocks have no exposure to Europe and that they are at rock bottom valuations.

What else do you need to know?

Keep your eye on the ball, because Bove is not to be dismissed!

daily bread's picture

Hey Cone, is your device related to the Get Smart "cone of silence"?