January 13th, 2012

S&P Give France a Reality Check

Though the economic prospect of a French downgrade is rather scary, the political repercussions are frankly hilarious. Sarkozy is in an election year for one,  and his head of the Banque de France has oeuf all over his face. Back in December a mighty row broke out when Christian Noyer said that Britain’s credit rating should be downgraded before them. It was a typical attempt to try to drag us down with them. Well S&P have spoken.

As Lord Nelson might have said “I see no credit downgrade.”


169 Comments

  1. 1
    Billy Bowden is the greatest umpire ever ! says:

    this brings joy to my heart.

    No wonder Shortozy has been sniffing Merkels bum.

    Like

  2. 2
    tommy5dollar says:

    Expect announcement by S&P at 8PM GMT

    Like

  3. 4
    Anonymous says:

    I love Dawkins…but things like this make me wonder….is God there after all ? ;)

    Like

    • 8
      Anonymous says:

      Dawkins is a shifty little bastard.

      Like

    • 12
      Special Ed says:

      Umm. No.

      Like

      • 25
        very 'special' ed says:

        Who the fuck do you think you are, God?

        Like

        • 31
          Special Ed says:

          No. There is no god, therefore I cannot be god. Sheesh! It’s not hard!

          Like

          • very 'special' ed says:

            That’s a pretty god like thing to say IMHO. You’re just a speck of protoplasm that’s just recently evolved from the primal slime, what the fuck do you know?

            Like

          • Special Ed says:

            Ooh. Them’s fighting words. I’m tutoring my first year astro-phys. students on the origins of the universe tomorrow at 11:00. I’ll send you the notes if you’d like, but I’m not sure you’d understand them. Start with ‘The Physics of Stars’ by A.C. Phillips – Chapter 1 – Big Bang Nucleosynthesis. Should help.

            Like

          • Grumpy Old Man says:

            That’s a bit heavy for Year 1 students isn’t it? Most of them will be still in the wee-filled shoes and nasty knickers stage.

            Like

          • very 'special' ed says:

            Look mate, you could say that the sun didn’t come up today, but who really gives a fuck? When it comes down to it, Big Bang Theory is no better at explaining the origins of the universe than Genesis with equations, you dumb twat.

            Like

          • Special Ed says:

            It’s a tough old world. Most of them will have moved over to art history by next year anyway. Don’t worry, we save the heavy maths for later…

            Like

          • Special Ed says:

            This conversation is clearly over. Thanks though, it was fun. I particularly enjoyed your extensive vocabulary.

            Like

          • a god says:

            Piss off back to the primal soup where you belong, upstart.

            Like

          • misterned says:

            So you cannot defend the big-bang theory then?

            Like

          • Your Friendly Neighbourhood Telly Critic says:

            Umm, so-so sitcom, at best. No, I can’t defend it. Who watches it anyway?

            Like

          • Phil Collins says:

            @Very special special…That’s why Genesis had to split up. We had no equations.

            Like

          • just another day in paradise says:

            There is a god = There is no god – two sides of the same inane coin.

            Like

    • 18
      W.W. says:

      Not whilst Brown has his one good eye, and Blair has both hi legs.

      W.W.

      Like

      • 26
        Special Ed says:

        That might just convince me. I’ll start praying just in case.

        Like

      • 38
        Tessa Tickles says:

        In a universe created by an all-knowing infallible deity, there could be no place for the likes of Blair and Brown. Either there is no God, or He, just like the rest of us, it prone to making some serious fuckups.

        Like

        • 59
          Raving Loon says:

          Or this is hell and we get what we deserve.

          Like

          • Special Ed says:

            Is there an option d? Please?

            Like

          • Anonymous says:

            First clear-sighted thought in this chain of speculation among some of the more deluded of the currently dominant species of parasite on the third rock from an insignificant sun which God forgot about long ago. In fact I doubt he even noticed that he had created it while he was thinking of ways of occupying the rival gangs of unemployed angels and demons who were making such a racket in Heaven.

            Like

          • Special Ed says:

            You are Phillip Pullman and I claim my five pounds.

            Like

        • 71
          Grumpy Old Man says:

          When God designed us, She factored in free will. B & B want to be as they are, we just have to live with the consequences of their actions. If Labour hadn’t been so desperate for power, and we’ed been more discerning in 1997, it wouldn’t have happened.

          Like

  4. 5
    I don't need no doctor says:

    Mais non, c’est merde, merde, merde.

    Like

    • 19
      sockpuppet #4 says:

      Sea France. Triple M rated.

      Like

    • 21
      Special Ed says:

      That’s what you get if you only work 35 hours a week!

      Like

      • 48
        Croque Monsieur says:

        That’s a bit too generous…the average Frenchman finishes pour le weekend at 12 noon Friday and doesn’t return to the office until 12 Noon Monday in time for lunch which lasts about 2 hours usually when everything closes down….much the same for August when the whole of France closes down pour les vacances and they head a la mer

        Like

        • 58
          Special Ed says:

          Very true. And then you have to take into account all the time taken up with moaning about working conditions.

          Like

  5. 6
    Tony M says:

    They have borrowed too much and their economy is controlled by the Germans who will act only in the interest of Germany, so S&P’s decision seems perfectly reasonable.

    Any country with a socialist leaning administration should by default have it’s credit rating downgraded – would save lots of economic modelling and surely be an even better indicator of economic prudence.

    Like

    • 16
      Drop a daisy cutter on the BBC says:

      Scotland is fucked then.

      Like

      • 28
        Tony M says:

        Well, they certainly should be by the time we’ve given them the RBS and HBOS debt to deal with – they can’t have the assets (oil) without the Liabilities (banking bailout).

        Alistair Darling was very honest about it pointing out that the UK banking crisis was not made in the City or on Wall Street, it was created in Edinburgh courtesy of RBS.

        Like

        • 44
          No more boom and bust says:

          Fred Good- forfuckall-win did such a good job, Brown knighted him.

          Like

          • No more boom and bust says:

            Though on second thoughts I would have knighted him as well namely for

            A) Services to the destruction of the banking industry

            B) Adultery in the workplace

            He excelled in both.

            Like

        • 45
          Tessa Tickles says:

          Alex Salmond is quoted in today’s Times as being adamant that an independent Scotland will not take any of Britain’s debt.

          The colossal fuckups by Scotland’s bankers were all due to Westminster, apparently.

          Like

          • jgm2 says:

            Fine.

            We’ll take their banks and their bank debt. Then we’ll rename the banks, fire every fucker in Scotland, close every fucking branch in Fucking Scotland and relocate to England. Let Salmond pay their dole and housing benefit.

            And if they want to make a withdrawal then they can drive down to Newcastle. Or open a new bank account with the Dunfermline BS or whoever is left solvent in Fucking Scotland.

            Like

          • jgm2 says:

            Fine.

            We’ll take their banks and their bank debt. Then we’ll rename the banks, fire every fucker in Scotland, close every fucking branch in Fucking Scotland and relocate to England. Let Salmond pay their dole and housing benefit.

            And if they want to make a withdrawal then they can dr*i*ve down to Newcastle. Or open a new bank account with the Dunfermline BS or whoever is left solvent in Fucking Scotland.

            Like

          • Special Ed says:

            Yes, but then you’d have to feel sorry for the people of Newcastle on a Friday night!

            Like

          • Expat Geordie says:

            UK’s national debt in 1997 = £350bn.
            Scotland’s share of the population is 8% therefore Scotland’s share of the pre-1997 debt = £28bn.
            Current national debt after 13 years of a Scottish run UK government = £1400bn.
            So Scotland’s share of the debt is £1050bn plus £28bn = £1078bn, or £1.078 trillion!!!
            Are they sure that they want to be independent? Then again, given the chance to offload £1.1 trillion of debt, do we want them to stay?

            Like

          • Lady Virginia Droit de Seigneur says:

            Dunfermline Building Society went tits up as well and had to be bailed out by Nationwide Anglia.

            Also if fat Alec wants England to maintain responsibility for the RBS the Scottish headquarters should be closed and moved to England. Pay minimum redundancy and have done with it.

            Like

          • Nothing better to do. says:

            As I recall Scotland only joined the union in the first place because it’s economy was a wreck. It just wanted the English to pay for it’s mistakes which has become rather monotonous now. It’s the English that should get a vote on Scotland remaining in the UK.

            Like

        • 141
          Lady Virginia Droit de Seigneur says:

          Don’t forget Bank of Scotland which dragged down Halifax and Lloyds.

          Interestingly none of the shit banks or building societies were from the City – RBS, HBOS, Northern Rock, Alliance & Leicester, Bradford and Bingley.

          Another subsidy from London and the SE to Labour heartlands.

          Like

    • 22
      Special Ed says:

      If Labour were still in power, we’d had been downgraded months ago.

      Like

  6. 9
    Special Ed says:

    Can’t see it. The French will simply stop recognising S&P as they did when they were ‘erroneously’ downgraded in August.
    They’ll cry foul and stick their heads in the sand.

    Like

  7. 11
    Gordon McBroon big spender and even bigger bender says:

    I could really show the French how to fuck up an economy!

    Like

    • 29
      sockpuppet #4 says:

      Wrong again.

      There’s a bloke who believes in a 100% income tax band (>360k pa), and full planning of the economy. By him. He’s about the “3rd from left” in the spectrum of candidates for president.

      Like

      • 34
        Special Ed says:

        Wow, that would really encourage ambition and help to promote innovation!

        Like

        • 36
          sockpuppet #4 says:

          Err. well how’s about “when a boss sells a company its the workers who should be allowed to buy all the tools”.

          Like

          • jgm2 says:

            Here’s one. How about the unions use all their subscriptions to buy the companies in which they work.

            Then the workers really would own the means of production.

            But they don’t want to do that. They want to spend all their time shit-stirring and second-guessing the management without any of the actual responsibility or consequences of actually being management. Like making the books add up.

            Having brought their unique brand of fuckwittery to the previously state-owned UK manufacturing sector and destroyed that they’ve now turned their imbecile attention to what remains of the state sector.

            Like

          • God's Holy Trousers says:

            Yes like Sea France. French jobs for French workers. Ho, ho, ho.

            Like

          • Grumpy Old Man says:

            +oodles

            Like

          • Anonymous says:

            I think it was called Clydeside Shipbuilders.

            Or am I mixing it up with the Co-op

            Or the John Lewis Partnership

            Like

  8. 13
    The Last Quango in Paris says:

    Poor Sarkozy this will make him feel very small.

    Like

  9. 27
    Michael Heseltine says:

    I still say we should have joined the Euro.

    Like

  10. 32
    Anonymous says:

    What’s the difference between the French and a tarantula ?
    The spider’s still got its’ 3 A’s

    Like

  11. 35
    Billy Bowden is the greatest umpire ever ! says:

    Like

    • 47
      court of public opinion says:

      Tony Blair = c’unt.

      Like

    • 52
      Tessa Tickles says:

      The only statement anyone wants to read from Tony Blair is the one that ends, “and that is why I have decided to take my own life.”

      Like

    • 55
      Tony M says:

      Of course. The man is living Saint, he never lied to trick the country into a war leading to the deaths of hundreds of thousands, and is in no way benefiting financially from his previous role or working to minimise his tax burden.

      Pace Envoy to the ME – more sick than ironic.

      Like

    • 80
      I'm no sharlittan just a foo-kin k-u-n-t says:

      ‘unpaid pro bono work in the Middle East’

      U2 Blair?

      Like

    • 97
      Moral Collapse Blair says:

      Of course

      I am in the charity business you know

      That is why I take a large cut on all I, do

      ROFL

      Like

    • 111
      I don't need no doctor says:

      He is still, and always will be a war criminal and liar.

      Like

  12. 42

    It is a nice question as to whether we should let the Scotch have their referendum now or leave it until when Salmond wants so we can then be sure of ridding ourselves of the fuckers.

    Like

  13. 43
    The Last Quango in Paris says:

    Dear Scotland,
    Good luck with the Euro.
    laters
    England
    x

    Like

  14. 50
    Cressida's Dick says:

    Richard O’Dwyer loses court battle to prevent extradition to US. Whatever the rights and wrongs of the decision if you were the judge and this fella rolled up in your court wearing a soiled t shirt with Mickey Mouse looking through his legs at you would you be impressed? Personally I’d have driven the bloke to the airport.

    And by the way Shortarzy, you’re fucked.

    Like

  15. 56
    Dan Hodge's right eye says:

    The French fucks can all fuck off

    Traitors, collaborators, cowards, knaves and cu’nts

    Like

  16. 62
    Edinburgh bores the arse off me. It is a time wasting shithole. says:

    France is too big for its boots.

    Like

  17. 63
    Nu Attack Dog says:

    Don’t laugh too loud – we’re next

    Like

  18. 77
    Well, It's Friday Afternoon, What Do You Expect? says:

    This one would have been a better use of young Master Muntz:

    Like

  19. 79
    French resident says:

    Guido

    Good point about the Banque de France

    But this is an utter condemnation of the whole dirigiste French technostructure….
    and they did not even see it coming despite deficit financing for 30 years !

    It is also a condemnation of socialism in all its forms…

    That being said, the UK the fuckwitted Blair Brown Mandelson Ponzi scheme
    managed to run up the same deficitis in 13 years which it took the French to do in 30 years…

    and thereby ruin Britain’s finances

    It is only a matter of time before the UK gets the same treatment…

    Like

  20. 88
    Nicholas Sarkozy says:

    ‘Ello, eez zat Ocean Finance?

    Like

  21. 89
    A Confucian says:

    It all goes to show

    If all you Europeans ate, drank and consumed half of what you do at the moment

    You would all be healthier, weallthier, wiser and happier than you now are

    Just a deep thought on a Friday evening

    PS A Chinese Minister said yesterday
    “It is astonishing that European leaders let themselves get into this situation”

    Like

    • 102
      jgm2 says:

      “It is astonishing that Europe*an leaders let themselves get into this situation”

      Indeed. But the problem you have is that half the electorate is less intelligent than average. And lets be honest – average is pretty fucking stupid too. So if you’re a politician and interested in strutting about with all the power and prestige that involves you have two choices. You can waste time coming up with complicated arguments and policies and pledging to be careful with the nation’s economic well-being.

      Or you can promise stupid people lots of free stuff. Paid for by them over there. The ‘rich’ because they can afford it and it’s only right and fair that we take money off them and give it to you. Because you deserve it. Vote Labour/socialist.

      And that’s how Europe*an leaders let themselves get into this situation. It became a competition to promise more free stuff to stupid people. And when the ‘rich’ could be fleeced no longer they paid for all the free stuff with borrowed money.

      This is the position Fucking Scotland now finds itself in. It’s in a race to bank*ru*p*cy between Labour and the SNP to promise more free stuff in order to gain re-election.

      Like

    • 123
      I don't need no doctor says:

      Yes, they should follow the dietary habits of our Scottish friends, deep fried Mars bars swilled down with Buckie cocktails. Izz thart yew mary dholl?

      Like

    • 160
      Boo Font Hare Do says:

      Me, you really need to get out more if that’s what you think. The Yanks are way ahead of the Brits in the stuff your face race.

      Like

  22. 96
    Anonymous says:

    How the hell do you downgrade the French ?

    Like

  23. 98
    A female MP says:

    WIll Chris Bryant allow normal people into the Strangers Bar now?

    Usually gays object to normal people coming into their bars

    Especially women on girlies evenings…!!

    Like

    • 104
      Reuters correspondent says:

      The last time I saw Y fronts,

      He came dancing…

      Like

    • 117
      I don't need no doctor says:

      Does Bryant use the back passage to get into the Strangers Bar? He really is a loud mouthed twat, hiding behind the “I’m a gay set”, so fucking what, you are just another labour sponger.

      Like

  24. 108
    Ah! Monika says:

    If all the French banned themselves to St. Helena, they could use GBP again. Simps

    Like

  25. 120
    I don't need no doctor says:

    France is a beautifully diverse country. Only one problem though!

    Like

  26. 122
    Constipated says:

    Has the AA been downgraded yet?

    Like

  27. 126
    I don't need no doctor says:

    Tony Blair SPAD to the stupidly rich.

    Like

  28. 127
    Jeremy Clarkson says:

    Genesis! Phwoar!

    Like

  29. 131
    Lord of the Manor says:

    Is S & P some sort of sexual deviation? By Jove, I must try some

    Like

  30. 132
    Constipated says:

    Sbrkozy doesn’t have the same ring to it.

    Like

  31. 136
    downgrade? says:

    I’ve just gone up a notch

    Like

  32. 145
    I can't be arsed to think up a new pseudonym says:

    Laughed – laughed?
    I fair pissed myself!

    Like

  33. 154
    Sparticus says:

    this is too fucking good

    can we expect the BBC’s chief economic apologist Gavin Esler to ask the establishment why it still insists Britain must be handcuffed to the corps of Europe?

    No, I thought not

    Like

  34. 158
    Fatzulu says:

    We have always been, are and God willing always will be detested by the French – Duke of Wellington. As true today as then!

    Like


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