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Old 4th October 2008
michael1965 michael1965 is offline
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Quote:
Originally Posted by Mr B View Post
If you play the video at time 1:35 he does say McDonalds Integrity, robustness ..... is more credible than Ireland
He also says that McDonalds has greater credibility than the UK. And he's basing it on what he claims are the current CDS costs for all of these entities (debt). As to why, this would even lead to the downfall of the Euro, he didn't actually offer an explanation for that at all. So, I'm not sure I'd pay too much heed to what he is saying.
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