So Moody's have put the French credit rating on a negative outlook. What this means for the future of any bailout mechanism, only time will tell, but as we previously pointed out, if France is downgraded, it just means the Germans are on the hook for even more money.
".....if France gets downgraded, Germany's pro rata share of funding the EFSF jumps to a mindboggling €1.385 trillion, or 56% of German GDP"
In tribute to the French government's reaction: Move along, there is nothing to see here.
Dim lights Embed Embed this video on your site
