Quote Originally Posted by Billy Boy View Post
Black P
I dont altogether agree with you.
Many European Countries Are finding it hard to pay back debt now.
Greece !!!. Spain, Belgium, Italy etc.....
France is the interesting one.
If interest rates have to rise then they struggle more.
As i say .25 basic point rise wont hert too much , but more ?
We might have to agree to disagree old son
cheers BB
Rates are all based on the US$.
Hi BB, not sure I understand. Why do you think that a US interest hike would require European countries to pay higher interest? They only would if they hold their debts in US$ - but the lions share of European debts is obviously hold in Euro?