Moody’s Blues

Concern Spreads over Slow Pace of French Reform

Moody’s on Monday slashed France’s top credit rating, becoming just the latest institution to cast doubt on the country’s ability to reform its inflexible labor market and boost growth. French President François Hollande has promised change, but markets have yet to be convinced.

Betting with Trillions

Prison of Debt Paralyzes West

Be it the United States or the European Union, most Western countries are so highly indebted today that the markets have a greater say in their policies than the people. Why are democratic countries so pathetic when it comes to managing their money sustainably?