Anglo-French relations have never been strong, and it seems that tensions are set to grow, with a sharp attack from the French Prime Minister. Francois Baroin described the UK's economy as "very worrying".
Do I detect a little bit of jealousy from the French side of the Channel? I believe so. While the UK has a worthy deficit-cutting plan in place, that has been approved by the IMF, and a the Pound as a currency - where exchange rates and interest rates can be altered accordingly - the French are stuck with a single currency that is in the process of collapsing, and not having the ability to print money. Therefore, the UK is a safer place to invest, meaning the credit rating can remain higher.
It is forecast that the French economy - along with other Eurozone economies - will have their currency ratings slashed in the coming weeks.
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