Five weeks ago, the French President, Nicolas Sarkozy, was a happy man. He said, ‘The [Greek] problem is solved. How happy I am a solution to the Greek crisis … has been found.’ Which is good. Everyone, even presidents, deserves a little sunshine.  Looking on the bright side: France’s President Nicolas Sarkozy should not think […]

You’ll recall, I’m sure, that the newly formed M. Feierstein Ratings Agency broke the news that France has lost its AAA rating. Although we’re a newly formed agency and, if you want to be pedantic about it, we have only ever issued one rating, nevertheless we like to think of ourselves as a market leader. […]

OK, I’ll fess up. None of the ratings agencies has yet formally downgraded France. But the Planet Ponzi Ratings Agency (established Nov 4, 2011) has formally rated France at A+. Given that we’re a newish agency, we’ve struggled hard to find the positives. And, um, they’re there all right. France makes nice wine. It has […]