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S&P Places 15 Euro Nations on Warning for Downgrade - Ed Jewett - 06-12-2011
S&P Places 15 Euro Nations on Warning for Downgrade
December 5th, 2011Via: Bloomberg:Standard & Poor's said Germany and France may be stripped of their AAA credit ratings as the debt crisis prompts 15 euro nations to be put on review for possible downgrade.
The euro area's six AAA rated countries are among the nations to be placed on a negative outlook, and their credit ratings may be cut depending on the result of a summit of European Union leaders on Dec. 9, S&P said today in a statement. The euro reversed its gains and U.S. Treasuries rose earlier today after the Financial Times reported that the credit-ranking firm planned to reduce six AAA outlooks.
"Systemic stress in the eurozone has risen in recent weeks and reached such a level that a review of all eurozone sovereign ratings is warranted," S&P said in a statement.
Posted in Collapse, Economy
S&P Places 15 Euro Nations on Warning for Downgrade - Ed Jewett - 06-12-2011
Posting that, as an American, was perhaps akin to self-mutilation.
S&P Places 15 Euro Nations on Warning for Downgrade - Ed Jewett - 06-12-2011
Fed May Give Loans to IMF to Help Euro Zone
December 5th, 2011Meh, what's another couple of trillion dollars between friends…Via: Reuters:
The Federal Reserve, along with the 17 euro zone national central banks, may help provide the International Monetary Fund with funds that could be used to aid debt-ridden states, a German newspaper said.
Die Welt cited sources close to the negotiations as saying the euro zone central banks could pay at least 100 billion euros ($134.2 billion) into a special fund that could be used for programs for nations struggling to control their debts.
"Also other central banks, for example the U.S. Federal Reserve, are apparently prepared to finance a part of the costs," the paper said in an advance copy of an article to appear on Monday.
Posted in Dictatorship, Economy, Elite
S&P Places 15 Euro Nations on Warning for Downgrade - Peter Lemkin - 06-12-2011
Uhhhhh.....and what about the USA? Not going to downgrade them or consider it? Where is the money coming from to potentially bail out foreign banks, when everything is being slashed for the American people...need I name them?! Money for the well off to 'save' capitalism - nothing for the rest of the serfs. :what: This is a suicidal set of moves that will only speed up the collapse of the economic system. While it will be very painful, and the pain will be born in a drastically unequal and unfair manner - it will awaken the sleeping masses and have them join the pilot-light revolution called the Occupy Movement, IMO Let's face it...any money going 'to Greece' or 'to X', for example, is NOT going to help the ordinary citizen much or at all...but to the banks [big ones] and the country treasuries [with huge interest payments due!].
What really needs to be done is to down-rate to zero the rating agencies who do only damage and get it wrong every time. They move more on policial and 'deep economic' reasons, than on real economic reasons. They got everything related to the recent financial theft, CDS, bankster actions, and economic collapse wrong. Their motives are more than suspect and are used to manipulate the markets to their profit.