“Contagion is a reality,” said one, “there isn’t a nation in the eurozone – Germany included – that isn’t now exposed because of past political sloth and smugness. France is already a real risk. And if that’s confirmed by a downgrade, then the only trustworthy debt guarantor would be Germany. And as Merkel won’t be allowed to even go there, that just leaves Mario Draghi in the Central Bank”.
via FRANCE’S TRIPLE-A RATING: Elysee ‘expects it to go within days’ – sources | The Slog.