About author
- Author's profession: Writer
- Nationality: french
- Born: November 21, 1694
- Died: May 30, 1778
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People enter politics or the Civil Service out of a desire to exert power and influence events; this, I maintain, is an illness. It's only when one realises that great administrators and leaders of men have all been at any rate slightly mad that one has a true understanding of history.
Auberon Waugh
It is hard to imagine that, having downgraded the US, S & P will not follow suit on at least one of the other members of the dwindling club of sovereign AAAs. If this were to materialise and involve a country like France, for example, it could complicate the already fragile efforts by Europe to rescue countries in its periphery.
Mohamed El-Erian