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User Info Fitch Affirms Germany AAA Rating With Stable Outlook in forum [NotSoBreaking]
Drench
Posts: 28631
Incept: 2009-11-10
Green
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CNBC.com Breaking
Jubber
Posts: 13988
Incept: 2007-07-05
Gold
UK
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still long bunds for the low yesterday

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“The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher
Argos
Posts: 6312
Incept: 2008-03-23
Gold
The Green Mountain State
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Fitch Statement via Reuters:

http://www.reuters.com/article/2012/08/0....

Partial quote:

Quote:
. . . additional sizeable contribution to eurozone bail-out funds, on top of the EFSF guarantees, could push German debt level above 90% of GDP, close to the upper limit Fitch generally considers consistent with a 'AAA' rating. Materialisation of these risks would put downward pressure on the rating.


It's kind of strange that Fitch should bother to declare this verdict five weeks before the German court intends to determine the legality of the ESM. I'm not sure what Fitch's game is here.
Genesis
Posts: 130691
Incept: 2007-06-26
Admin A True American Patriot!
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Warning them not to do it.

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
Asimov
Posts: 103900
Incept: 2007-08-26
Gold
East Tennessee Eastern Time
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No country with debt that high should be AAA. Hell, I'd put the limit somewhere around 25%.

[Edit: No, scratch that. The fact that they're in debt shows that they have problems. AAA rating should == ZERO debt.]

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It's justifiably immoral to deal morally with an immoral entity.
If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente.

Rbarreira
Posts: 2826
Incept: 2009-05-27

Portugal -> Sweden
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It's a widely ignored fact that Germany has more debt-to-GDP than Spain.

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In Soviet Russia, the government regulates the banks.
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