Schaeuble: Warns against over-dramatising French ratings downgrade

Wasn’t aware anyone was.

Market seems to have taken it very much in stride.

  • Germany is EU and euro ‘growth locomotive’ (best it doesn’t run out of steam then)
  • France’s rating still very stable (au contraire)
  • Difficult, important decisions on Greece in Brussels this week

Brings back fond memories. I remember well the days as a young lad, standing on Brookmans Park station, watching the Flying Scotsman steam locomotive come hurtling through on its’ way up to Scotland…….

Happy times…….

Best in 2026

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