European Tribune - Comments - Is the Euro doomed, too?

Is the Euro doomed, too? | 94 comments (94 topical, 0 editorial, 0 hidden)

The reason a company is usually rated lower than its government is that it can always be subjected to tax or confiscatory measures, ie the government can use the company's wealth to pay its own debts before (or instead of) those of the company.

But with multinational companies, this is no longer so simple...

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Mon Oct 6th, 2008 at 07:53:04 AM EST
[ Parent ]

Re: It is possible (4.00 / 3)

Yes, but if the debt is dollar-denomitated, couldn't USA be certain to pay it because they can always print the dollars?
I know it means inflation, but then the dollar-denominated Exxon debt too would be repaid in inflated dollars.

"The womb that spawned that thing is fertile yet"

by Cyrille (cyrillev domain yahoo.fr) on Mon Oct 6th, 2008 at 08:13:47 AM EST
[ Parent ]

Is the Euro doomed, too? | 94 comments (94 topical, 0 editorial, 0 hidden)

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