Dopey Not annoying at all. France has interest rates almost 3% cheaper than Aust. Not suggesting France unstable due to that rate but if Aust had that rate, then yes, it would be unstable. This is not allowing for the argument that Aust could but the Reserve Bank 'knows squat', Gov is toothless and the Banks should be investigated by the Armed Robbery Squad for crimes against it's customers! I'm not sure what the Bank's borrowing rate is. May I suggest 3.44%(forgive me if I'm way off). To make 4% before costs, and potential future default costs, is a very modest return. Does France borrow at the same rate as our Banks? How do they make money? Also, no body complains when they trade a Bank stock or get the dividend. Everyone patted them on the back to not become a Fanny May or Freddie Mac(stupid names LOL) during the GFC. I also wonder what rate is returned on a Term Deposit in France. Banks are damned if they do and damned if they don't, you can bank on that.
