All the buzz this morning is about France.The Cac-40 is tanking, Soc-Gen is off over 10%, and the raters, like Moody’s are out re-affirming its AAA.
Nicolas Sarkozy is making noises about fighting deficits.
The markets have torn through Europe’s periphery, and are now encircling the core.
This can’t go on much longer: The EurobondECBAZOOKA is needed now.
Here’s the chart of SocGen: