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Originally Posted by Mr B 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.