5 countries in the EU get downgraded by S&P

I think that's a common fact. Not that anyone wants to admit it publicly, but yes, Germany is the only contry that's not drowning in dept.
 
yeah read in our newspapers that there's a pretty good chance that this was going to happen here.
Tho I think they allready made some plans for mid this year to safe some money again...
seems spending all the money for saving the euro and banks didn't really help with the dept^^
 
I love how everyone in the media or politics bash those notation agencies, cause they appear out of the blue to fuck everyone else in Europe while USA is not specially in good shape financially (I say that cause this agency is American), but have given them so much advertisement that their voice now has an actual impact in the public opinion, and therefore in politics and speculations. It would have been intelligent to never talk about them. Not that they don't point at real problems, but more than they do nothing about them except compartimenting countries in arbitrary boxes that aren't really useful I imagine. If you are a pro in financial stuff, are a big bank, etc, you don't need to know that lending money to Greece is a tricky thing these days, or that northern countries and Germany are in a better shape than the others. In the end it seems like a big public opinion manipulator agency, and Europe does not need something that creates separation amongst countries in a time when it's trying to consolidate itself to live long.


Btw I think the last countries still up there are Germany, Finland, Netherlands, and Luxembourg. Maybe a few other ones, I don't remember.
 
Germany once had a strong currency.....
Than some smart heads decided it's a good idea to create an average within Europe....
now we all have a weak fucking economic system and currency...helped none but hurt the "strong" countries.... Very bright idea indeed.
It's only a matter o time till Germany is on that list as well....
I'm telling you, countries like china etc will come out on top after all this shit
 
Oh yeah, while we have our problems, the asiatic market still grows and grows. They will eventually have problems as well, but we'll have repercutions too (like their demand of petrol increasing as they equip themselves of millions of cars for the first time for most of them). In 50 years, the world might probably be polarized between usa and china. Not to mention on a military level too.
 
The point is that at a good day, someone says "those countries are in crisis"...and immediately the FMI says what they have to do to not fail... and it means, lot of taxes for the citizens, more controls in the citizens lives, etc... but nothing against banks or other corporation that created the "crisis"...if the crisis is real.
The problem is that when someone start this "crisis" shit, probably he's the "one" (or a group of people) that will speculate and earn lot of money with that story.
There are 2 countries that fail in the past....Iceland and Argentina. Same story, FMI said what they have to do because if they didn't what they said, the countries had failed more and more. The citizens of those countries said "fuck you" and they re-organizated their own systems/constitutions and they started to grow very well by themself...without a bunch of men that says what you have to do.