"The downgrade does not appear to me to be justified when considering economic fundamentals, " Mr Noyer said.
Christian Noyer, chairman of the French central bank, said credit rating agencies should downgrade the UK before they downgrade France.
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Mr. Noyer's third truth concerns government spending, which is 55% of GDP.
The chairman of the French central bank, Christian Noyer, has said ratings agencies should downgrade the UK before France because its economy is weaker.
The comments from Noyer come just a week after UK prime minister David Cameron vetoed EU treaty changes that would reign in budgets for member nations.
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Mr. Noyer has hit on a better cure: less government spending, more flexible labor markets, and more competitive private firms able to create the jobs of the future.
If the Governor of the Banque de France, Christian Noyer, is correct when he says that French banks are adequately solvent, then a default should not cause them too much hardship.
Speaking to French regional newspaper Le Telegramme, Mr Noyer said any downgrade should start with Britain "which has more deficits, as much debt, more inflation, less growth than us and where credit is slumping".
Prime minister David Cameron vetoed EU treaty changes that would reign in budgets for member nations prompted Christian Noyer, chairman of the French central bank, to say credit rating agencies should downgrade the U.K. before they downgrade France.
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Christian Noyer, the governor of the Bank of France, echoed those concerns last week, warning that the tax risked "destroying entire segments of our financial industry" as well as having "highly counterproductive effects on government borrowing and the financing of the economy" if it wasn't designed carefully.
Christian Noyer, the vice president of the European Central Bank, as well as figures from the mighty German Bundesbank, don't want any countries to use the euro until they have painfully satisfied all the Maastricht Treaty conditions, like balancing the government budget, or at least coming reasonably close.
Banque de France Governor Christian Noyer said at the weekend that predictions that fiscal tightening would cause European growth to tip over the edge have been proved to be ill-judged and outweighed by the rise of private sector confidence lifting the economy back to a healthy growth rate.
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