Who's Next To Get Sucked In?

Posted by Nogger - a legend in his own mind at 11:51 | Categorized as

15/11/11 -- Greece appear to already be in Davies Jones' locker with Italy also well on the way to "sleeping with the fishes" - so who's next to get sucked in?

France might not be as safe as some might think, it's banks have more than twice Germany's exposure to Greece and over two and a half times that to Italy.

On the bond markets today the gap between yields on French and German bonds has reached record levels with France having to stump up 3.5% compared to Germany's 1.775%.

News of S&P's "technical error" downgrade to France's credit rating last week may simply have been someone pressing the "publish" button a bit too early.