Monday, June 21, 2010
Rigor talk is still out at home, officially speaking, but it's OK in the City. Claude Guéant told the Financial Times that France is going to do "much more" than it already has to cut spending. This is what the City wants to hear. It's sort of reminiscent of those officials in the Middle East who say one thing in Arabic or Hebrew and another in English.
You know that your reputation has suffered when even a bank feels it's better off without your endorsement.