Paris is aware that if it is unable to tackle the issue of its pension shortfall, France's triple-A credit rating may be cut.
On the contrary, in the credit-card market they've slashed credit lines and jacked up interest rates.
Then, instead of looking at the fundamentals of the securities themselves, they simply assumed that they could rely on the credit ratings the ratings agencies bestowed, even though those agencies' conflicts of interest were well-known.
It claimed our credit rating was at risk, a claim it may yet regret.
"We do retain some traditional parts of high school; kids still need to earn credit and study certain topics but we go about studying them a little differently," she explains.
That's one way of seeing it, but it does not seem to give sufficient credit to the work Republicans did to construct the trap themselves.
Facebook Twitter Google plus Share Share this post Facebook Twitter Google plus close 11.07am ET16 07 Obama quotes Fitch as saying that repeated "brinksmanship" in Washington warrants a review of the US credit worthiness.
Andries Nkome, who is also representing the Association of Mineworkers and Construction union, said: "Our clients are taking credit that they were able to get the president to commit to release the report but he is still treating them with contempt, having ignored their request for a commitment by 2pm on Sunday and waiting to address parliament instead".
As much as the member deserves some credit for this very long bow, he is defying your ruling, says Albanese.
Even now, it is not clear whether the policy is all that effective with the annual rise in credit for investment purposes rising by 10%, which is a large factor behind house price growth at a solid 7.5% to 8% with Sydney prices up around 14%.
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