> “French CDS is currently trading at very wide levels for a Western European sovereign. CDS on Germany [and] the UK haven’t really moved. So the market is really focusing on France as the [main] point of weakness in the eurozone,” said Gavan Nolan, executive director at S&P.
Germany pays the most into the EU and the rising AFD party is saying those economics are not in Germans' best interest. One perspective is that EU countries like France need Germany more than the other way round.
Any party who is not in power will say just about anything to get the power. If Germany was not in EU, AfD would be screaming at the top of their lungs to join etc. In today’s day/age people all that up on socials etc
If you threaten to leave (ie you turn off money supply), then you’re able to use the leverage to gain the change you want, possibly strengthening the EU.
Credit Default Swaps (not CDs.. which was probably the HN submission-title correction algo). Shame the article never specifies (although you can find the phrase in the text and the tags)
> “French CDS is currently trading at very wide levels for a Western European sovereign. CDS on Germany [and] the UK haven’t really moved. So the market is really focusing on France as the [main] point of weakness in the eurozone,” said Gavan Nolan, executive director at S&P.
Germany pays the most into the EU and the rising AFD party is saying those economics are not in Germans' best interest. One perspective is that EU countries like France need Germany more than the other way round.
Any party who is not in power will say just about anything to get the power. If Germany was not in EU, AfD would be screaming at the top of their lungs to join etc. In today’s day/age people all that up on socials etc
> If Germany was not in EU
If you threaten to leave (ie you turn off money supply), then you’re able to use the leverage to gain the change you want, possibly strengthening the EU.
the only option is bailout (as in 2010 with Greece)...fun times ahead
Credit Default Swaps (not CDs.. which was probably the HN submission-title correction algo). Shame the article never specifies (although you can find the phrase in the text and the tags)