If you are considering a debt financing, you should try to do it sooner rather than later. The election of Hollande and the results of the Greek election do not bode well for the capital markets over the next several months. A German government minister stated publicly that Hollande does not understand what is happening. In essence he publicly stated that the new president of France is an idiot. That is not just astonishing, but should cause everyone in the debt markets to take note. Hollande is proposing to retrade all of the hard fought deals Europe has put in place to try to save them from collapse. His program is to lower the retirement age to 60 and to hire tens of thousands more teachers and government workers. The French deficit is already well beyond sustainable levels. Labor rules make it nearly impossible to fire people. The French fiscal situation is assured of getting worse and the EU will be tossed back into a volatile mess with France demanding to change the whole deal.
Greece is now in a political situation that will make it very hard to do the things that are needed to try to save what is left of even the fa
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