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View Full Version : EU Failure on Unanimous Agreement May Consign Top-Rated Bonds to History - Bloomberg



NewsWhore
12-12-2011, 11:30 AM
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Bloomberg (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFv8pCP_SAL1SgLMLgzdmWIFRTkLA&url=http://www.bloomberg.com/news/2011-12-12/eu-failure-on-unanimous-agreement-may-consign-top-rated-bonds-to-history.html)
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EU Failure on Unanimous Agreement May Consign Top-Rated Bonds to History (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFv8pCP_SAL1SgLMLgzdmWIFRTkLA&url=http://www.bloomberg.com/news/2011-12-12/eu-failure-on-unanimous-agreement-may-consign-top-rated-bonds-to-history.html)
Bloomberg
“A government is the only supplier of risk-free assets for a particular currency because it can tax and, in the end, it can print money,” said Watts. “In Europe there are alternatives. If France gets downgraded, say, you can shift to Germany. ...

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