Moody's Downgrades Italy, Spain, Portugal And Others; Puts UK, France On Outlook Negative -: Moody's adjusts ratings of 9 European sovereigns to capture downside risks Greek bailout put on hold: Eurozone finance ministers have put a new Greek bailout on hold, saying the country has failed to meet conditions set by lenders. Athens Is Burning and Angela Merkel Holds the Spent Match: Athens is besieged by riots, because ordinary Greeks understand what their leaders won't admit. The reforms imposed by Angela Merkel and Greek creditors will delay but not avoid a sovereign default. These are the 10 countries deepest in debt.: Last year, Standard & Poor’s downgraded both France and the U.S. from perfect AAA ratings. Yesterday, Moody’s gave France and the UK negative outlooks.
Thursday, 16 February 2012
By Nigel Farage
Greece is being driven into the ground, and I think, frankly, when it comes to chaos, you ain't seen nothing yet! Continue
By Michael Hudson
Posts
