Relations between Britain and France plunged to a new low yesterday when the head of the French central bank called for the UK’s gold-plated credit rating to be downgraded.

The inflammatory attack on the British economy by Christian Noyer was quickly branded evidence of a cross channel ‘Entente Discordiale’ over the future of the euro.

Mr Noyer, who also sits on the board of the European Central Bank, said the markets should ‘start by downgrading Britain’ – a move that would see interest rates rise, costing mortgage payers thousands of pounds a year.

Read more: http://www.dailymail.co.uk/news/article-2074450/France-lose-AAA-credit-rating-It-UK-Blasts-head-central-bank.html#ixzz1ggGmEjTI

The OP has been edited to follow the guidelines for fair use. Please only quote the first three sentences of an article, and then a link to remainder. Quoting lengthy portion can be viewed as copyright infringement.

The problem is that neither the poison dwarf nor the fat frau have a clue about 'saving' the Euro.

Why should a piece of paper signed now be more effective than the Maastricht Treaty that set up the Euro. The PIIGS ignored the requirements of the MT, and now they will punctiliously follow a cobbled-together scrap of paper drawn up over a weekend, with half the attendees pissed, the other half too tired to care?

Camoron for once did the right thing - except he could, and should, have pushed things even harder to repatriate sovreignty stolen by Brussels.

The Euro will not last while all these Club Med countries are sucking on the German teat.

Cut 'em loose now, if you really want to save the Euro.

And as regards creditworthiness - Britain has sole control of our currency, we don't have any Greece or Portugal with their hands in our trouser pockets. We control our fiscal destiny (except when George Brown sells all our gold at bargain rates). (But even that could be done without any interference from other countries)

If France want to keep a AAA rating, let them talk to Duracell or Energiser.

Plenty of AAA to be had there.

The problem is that neither the poison dwarf nor the fat frau have a clue about 'saving' the Euro.

Why should a piece of paper signed now be more effective than the Maastricht Treaty that set up the Euro. The PIIGS ignored the requirements of the MT, and now they will punctiliously follow a cobbled-together scrap of paper drawn up over a weekend, with half the attendees pissed, the other half too tired to care?

Camoron for once did the right thing - except he could, and should, have pushed things even harder to repatriate sovreignty stolen by Brussels.

The Euro will not last while all these Club Med countries are sucking on the German teat.

Cut 'em loose now, if you really want to save the Euro.

And as regards creditworthiness - Britain has sole control of our currency, we don't have any Greece or Portugal with their hands in our trouser pockets. We control our fiscal destiny (except when George Brown sells all our gold at bargain rates). (But even that could be done without any interference from other countries)

Good sense, HB.

Point 1. France has NOT had its credit rating degraded.

Point 2. In the long run, the smaller European countries are not going to submit to Franco-German domination.

Point 3. Merkel and Sarkozy are blaming Cameron because they know they can't solve the Euro's problems.

Point 4. France and Germany are largely responsible for the Euro's problems. When the Euro was established, they knew that they were the dominant forces in the treaty, yet they took no adequate steps to ensure that others did not abuse the system. Yes, the PIIGS are to blame for abusing the system, but who set it up in such a way that they could abuse it?

Point 5. The quicker Britain gets out of the EC, the better.

Point 6. I've been out of Britain for so long that I'm no longer au fait with the minutiae of British politics, but I think I would have voted for Cameron because the alternatives are worse.

Totally agree.

(Not often I say that in OTB)

The problem is that neither the poison dwarf nor the fat frau have a clue about 'saving' the Euro.

Why should a piece of paper signed now be more effective than the Maastricht Treaty that set up the Euro. The PIIGS ignored the requirements of the MT, and now they will punctiliously follow a cobbled-together scrap of paper drawn up over a weekend, with half the attendees pissed, the other half too tired to care?

Camoron for once did the right thing - except he could, and should, have pushed things even harder to repatriate sovreignty stolen by Brussels.

The Euro will not last while all these Club Med countries are sucking on the German teat.

Cut 'em loose now, if you really want to save the Euro.

And as regards creditworthiness - Britain has sole control of our currency, we don't have any Greece or Portugal with their hands in our trouser pockets. We control our fiscal destiny (except when George Brown sells all our gold at bargain rates). (But even that could be done without any interference from other countries)

Good sense, HB.

Point 1. France has NOT had its credit rating degraded.

Point 2. In the long run, the smaller European countries are not going to submit to Franco-German domination.

Point 3. Merkel and Sarkozy are blaming Cameron because they know they can't solve the Euro's problems.

Point 4. France and Germany are largely responsible for the Euro's problems. When the Euro was established, they knew that they were the dominant forces in the treaty, yet they took no adequate steps to ensure that others did not abuse the system. Yes, the PIIGS are to blame for abusing the system, but who set it up in such a way that they could abuse it?

Point 5. The quicker Britain gets out of the EC, the better.

Point 6. I've been out of Britain for so long that I'm no longer au fait with the minutiae of British politics, but I think I would have voted for Cameron because the alternatives are worse.

Two quality posts in a row. Especially regarding Gordon brown who should be facing a court now for his crime against Britain.

France and Germany are largely responsible for the Euro's problems. When the Euro was established, they knew that they were the dominant forces in the treaty, yet they took no adequate steps to ensure that others did not abuse the system. Yes, the PIIGS are to blame for abusing the system, but who set it up in such a way that they could abuse it?

back to square one IB? blaming those from whom is stolen but not the thiefs?

Merkel and Sarkozy are blaming Cameron because they know they can't solve the Euro's problems.

nobody is blaming Cameron for that specific reason. period!

The quicker Britain gets out of the EC, the better.

i fully agree. the EU needs makers not brakers.

In the long run, the smaller European countries are not going to submit to Franco-German domination.

beggars can't be choosers! but if they choose not being "dominated" by the billions of dough they need from the "dominators" to get out of their shitty status then let them submerge in their own debt shit, go back to their own shitty currencies, default on their debt, pay as they did pre-€UR era usurous interest rates on mortgages, loans and government debt, have rampant inflation and sky high unemployment as well as face riots and blood on the streets.

The problem is that neither the poison dwarf nor the fat frau have a clue about 'saving' the Euro.

Why should a piece of paper signed now be more effective than the Maastricht Treaty that set up the Euro. The PIIGS ignored the requirements of the MT, and now they will punctiliously follow a cobbled-together scrap of paper drawn up over a weekend, with half the attendees pissed, the other half too tired to care?

Camoron for once did the right thing - except he could, and should, have pushed things even harder to repatriate sovreignty stolen by Brussels.

The Euro will not last while all these Club Med countries are sucking on the German teat.

Cut 'em loose now, if you really want to save the Euro.

And as regards creditworthiness - Britain has sole control of our currency, we don't have any Greece or Portugal with their hands in our trouser pockets. We control our fiscal destiny (except when George Brown sells all our gold at bargain rates). (But even that could be done without any interference from other countries)

Good sense, HB.

Point 1. France has NOT had its credit rating degraded.

Point 2. In the long run, the smaller European countries are not going to submit to Franco-German domination.

Point 3. Merkel and Sarkozy are blaming Cameron because they know they can't solve the Euro's problems.

Point 4. France and Germany are largely responsible for the Euro's problems. When the Euro was established, they knew that they were the dominant forces in the treaty, yet they took no adequate steps to ensure that others did not abuse the system. Yes, the PIIGS are to blame for abusing the system, but who set it up in such a way that they could abuse it?

Point 5. The quicker Britain gets out of the EC, the better.

Point 6. I've been out of Britain for so long that I'm no longer au fait with the minutiae of British politics, but I think I would have voted for Cameron because the alternatives are worse.

Two quality posts in a row. Especially regarding Gordon brown who should be facing a court now for his crime against Britain.

three quality posts... NOT

Hmmmm. It seems somebody has had their feathers ruffled a bit.

France and Germany are largely responsible for the Euro's problems. When the Euro was established, they knew that they were the dominant forces in the treaty, yet they took no adequate steps to ensure that others did not abuse the system. Yes, the PIIGS are to blame for abusing the system, but who set it up in such a way that they could abuse it?

back to square one IB? blaming those from whom is stolen but not the thiefs?

Yes indeed, Naam, blaming BOTH. But the householder is to blame if he doesn't put a lock on the door.

The quicker Britain gets out of the EC, the better.

i fully agree. the EU needs makers not brakers.

I'm glad we agree on something!

Did you mean brakers or breakers? I guess both would fit.

In the long run, the smaller European countries are not going to submit to Franco-German domination.

beggars can't be choosers! but if they choose not being "dominated" by the billions of dough they need from the "dominators" to get out of their shitty status then let them submerge in their own debt shit, go back to their own shitty currencies, default on their debt, pay as they did pre-€UR era usurous interest rates on mortgages, loans and government debt, have rampant inflation and sky high unemployment as well as face riots and blood on the streets.

Take a deep breath, Naam, relax.... or you won't be doing your blood pressure any good. Whew!

Hmmmm. It seems somebody has had their feathers ruffled a bit.

No kidding. I bet the gardener is working extra hard today!

In the long run, the smaller European countries are not going to submit to Franco-German domination.

beggars can't be choosers! but if they choose not being "dominated" by the billions of dough they need from the "dominators" to get out of their shitty status then let them submerge in their own debt shit, go back to their own shitty currencies, default on their debt, pay as they did pre-€UR era usurous interest rates on mortgages, loans and government debt, have rampant inflation and sky high unemployment as well as face riots and blood on the streets.

If these countries break from the Euro others are sure to follow. Will France and Germany continue on alone in such a circumstance?

In my opinion it was economic madness to have allowed countries such as Greece and Portugal even Ireland in on an even keel. Politically it was solid but now we are seeing the true picture.

1. If these countries break from the Euro others are sure to follow. Will France and Germany continue on alone in such a circumstance?

2. In my opinion it was economic madness to have allowed countries such as Greece and Portugal even Ireland in on an even keel. Politically it was solid but now we are seeing the true picture.

1. i'm not sure whether France will continue if the EUR survives. next year are presidential elections and Sarkozy faces a strong contender who's intentions are not clear. and without France and Britain what is left? besides Germany a few economically insignificant EU states. Britain had a chance to play "first violine" in an EU orchestra without the accusations Germany faces nowadays. but the robber barons of the "city" told CaMoron "that's how we want it and that's how you do it!" and he complied. if you want chills running down your back inform yourself about "banking center London and rehypothecation rules".

2. not only me but most people fully agree is was madness. unfortunately it happened. but what can one expect from politicians who's alpha and omega is reelection?

when i look at the mess politicians created or did not (and still do not) act when robber barons robbed (and are still robbing) globally what they could get from pockets of others then i think of the wise man who said "politicians are not born, they are excreted".

In the long run, the smaller European countries are not going to submit to Franco-German domination.

beggars can't be choosers! but if they choose not being "dominated" by the billions of dough they need from the "dominators" to get out of their shitty status then let them submerge in their own debt shit, go back to their own shitty currencies, default on their debt, pay as they did pre-€UR era usurous interest rates on mortgages, loans and government debt, have rampant inflation and sky high unemployment as well as face riots and blood on the streets.

Take a deep breath, Naam, relax.... or you won't be doing your blood pressure any good. Whew!

my blood pressure is extremely low and my gardener works on a saturday only an hour or two doing a bit of cleaning up. besides, i am totally relaxed because not a single penny is taken out of my pockets and wasted for the ClubMed dolce vita south of the Alps. i am merely a spectator and commentator without having a horse in this race.

The quicker Britain gets out of the EC, the better.

i fully agree. the EU needs makers not brakers.

I'm glad we agree on something!

Did you mean brakers or breakers? I guess both would fit.

just brakers because Britain does not possess any breaking power.

Hmmmm. It seems somebody has had their feathers ruffled a bit.

hmmmm... it seems somebody has wet dreams

France and Germany are largely responsible for the Euro's problems. When the Euro was established, they knew that they were the dominant forces in the treaty, yet they took no adequate steps to ensure that others did not abuse the system. Yes, the PIIGS are to blame for abusing the system, but who set it up in such a way that they could abuse it?

back to square one IB? blaming those from whom is stolen but not the thiefs?

Yes indeed, Naam, blaming BOTH. But the householder is to blame if he doesn't put a lock on the door.

and women should wear stainless steel underwear with combination locks to prevent rape.

The solution to get Britain onto the Euro is simple.

Millions of French and German tourists invade the UK and change tens of thousands of Euros each into pounds sterling.

And now... how diabolical is this?

They don't spend them they take them home and burn them!!!!!

Just call me the new John Maynard Keynes.

France and Germany are largely responsible for the Euro's problems. When the Euro was established, they knew that they were the dominant forces in the treaty, yet they took no adequate steps to ensure that others did not abuse the system. Yes, the PIIGS are to blame for abusing the system, but who set it up in such a way that they could abuse it?

back to square one IB? blaming those from whom is stolen but not the thiefs?

How much trouble would French and German banks, and therefore their national treasuries be in if they hadn't leveraged up the mispriced debt they continued to buy up? And why did they continue to buy this mis-priced debt? Because they guessed that there would be another party or financial body that would step in to guarantee it. That was a serious miscalculation in my view. I've made a few of my own over the years and the tuition was steep, but I accepted my loss and moved on.

I wouldn't characterize these parties as thieves and "those from whom is stolen". They are more like addicts and pushers IMO. If the pusher gets burned in the end, I'm not going to weep for him.

1. If these countries break from the Euro others are sure to follow. Will France and Germany continue on alone in such a circumstance?

2. In my opinion it was economic madness to have allowed countries such as Greece and Portugal even Ireland in on an even keel. Politically it was solid but now we are seeing the true picture.

1. i'm not sure whether France will continue if the EUR survives. next year are presidential elections and Sarkozy faces a strong contender who's intentions are not clear. and without France and Britain what is left? besides Germany a few economically insignificant EU states. Britain had a chance to play "first violine" in an EU orchestra without the accusations Germany faces nowadays. but the robber barons of the "city" told CaMoron "that's how we want it and that's how you do it!" and he complied. if you want chills running down your back inform yourself about "banking center London and rehypothecation rules".

2. not only me but most people fully agree is was madness. unfortunately it happened. but what can one expect from politicians who's alpha and omega is reelection?

when i look at the mess politicians created or did not (and still do not) act when robber barons robbed (and are still robbing) globally what they could get from pockets of others then i think of the wise man who said "politicians are not born, they are excreted".

Ah! Now I see we're back singing from the same hymnal.

But the householder is to blame if he doesn't put a lock on the door.

Sorry - have to disagree with this completely.

But the householder is to blame if he doesn't put a lock on the door.

Sorry - have to disagree with this completely.

It would be nice if we lived in a world where this wasn't necessary, but, with respect, Endure, I think you're dreaming.

But the householder is to blame if he doesn't put a lock on the door.

Sorry - have to disagree with this completely.

It would be nice if we lived in a world where this wasn't necessary, but, with respect, Endure, I think you're dreaming.

IB,

you overlook the fact that the thieves were considered family members. does one lock out family members from certain areas in the home? we are happy (perhaps just lucky) that we can leave the country for a week or even a month and see no need to lock out our domestic employees nor do we lock any drawer or cupboard.

IB,

you overlook the fact that the thieves were considered family members. does one lock out family members from certain areas in the home? we are happy (perhaps just lucky) that we can leave the country for a week or even a month and see no need to lock out our domestic employees nor do we lock any drawer or cupboard.

Fair point, Naam. But the answer to your first question is, In Isan, yes.