Friday, August 12, 2011

AAA vs AA+

Just curiously. How is it possible that they US is ranked lower than France when it  comes to sovereign debt. France produces a tiny amount, compared to the US, borrows more, has a worse financial system, with banks still on the verge, many if mot all bought out by the government? Also the entire system of the Euro is in jeopardy as Italy and Spain are facing massive deficits.


I know this isn't the usual fodder, but I find it ridiculous sounding to me. I also, don't really know much about this ranking system, but as I now live here in France and see how people work, live, and are taxed, it doesn't make sense to me. Perhaps someone can enlighten me a bit.

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