Posts
And...then there was one...Finland.
Moody's has downgraded German, Dutch and Luxembourg sovereign debt....from AAA 'stable'...to 'negative outlook'...the same as France and Austria.
What is it about Helsinki?
Despite recent big problems with Nokia...there is more to the 5.3 million population nation than cell phones and forestry.
Moody reports it has 'strong buffers'...and NO NET debt!
And...Helsinki always insists on collateral for loans...to the consternation of tottering EU nations like Spain and Greece...and Troika officials.
FinMin Jutt Urpilainen (foto) has even threatened to leave the euro...a comment to a newspaper that was quickly walked back by a spokesperson.
