France Realizing What a Bad Deal Euro Was

LONDON (MarketWatch) — The extraordinary statement questioning Britain’s credit rating by Christian Noyer, the mild-mannered but highly experienced governor of the Banque de France, has quickly become a cause celebre in the U.K. Indeed his interview in the obscure Le Telegramme newspaper in Brittany could become the monetary equivalent of the celebrated Daily Telegraph affair before the First World War when Kaiser Wilhelm in 1908 gave an inflammatory interview to the London newspaper that contributed to the conflict that broke out six years later.