Wednesday, January 18, 2012

After Egan-Jones Downgrades Germany Merkel Pledges to "Go all Teutonic on Egan's Ass"

Of course Frau Chancellor said no such thing.
In fact the silence out of Berlin seems a bit strange.
After the S&P moves on France and Austria last week the WSJ headline was:
German Finance Minister Takes Aim At Rating Agencies
So far, and I've been waiting two hours, nothing.

The closest to the Germany we've all come to know and love was (on a slightly different topic)
"...Economy Minister Philipp Roesler insisted: "There can be no talk of recession."..."
Roger that, no talk of recession, over.

Public Service Europe had a good summary of the E-J release.