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Moody's: Pressure Remains on Euro Sovereigns Despite Summit Deal en>fr fr>en
By VAVD Comments: 2536, member since Wed Nov 25, 2009
On Mon Dec 12, 2011 04:48 PM
Did Beethoven compose an "Ode to Despair"?

Moody's Investors Service said on Monday it still expects to review its ratings on all European Union sovereign credit in the first quarter of next year, adding that last week's agreement by European policymakers offered few new measures to resolve the region's debt crisis.

Twenty-six of the 27 European Union leaders on Friday agreed to pursue stricter budget rules for the single currency area and also to have euro zone states and others provide up to 200 billion euros ($267 billion) in bilateral loans to the International Monetary Fund to help tackle the crisis.

"In substance, however, the communique offers few new measures, and does not change our view that risks to the cohesion of the euro area continue to rise," Moody's said in its weekly credit report. "As we announced in November, unless credit market conditions stabilize in the near future, our ratings of all EU sovereigns will need to be revisited.

1 Replies to Moody's: Pressure Remains on Euro Sovereigns Despite Summit Deal

re: Moody's: Pressure Remains on Euro Sovereigns Despite Summit Deal en>fr fr>en
By ArthurH Comments: 18615, member since Thu Oct 17, 2002
On Mon Dec 12, 2011 04:54 PM
Holly shit V-HayVD has turned into Baltic mode now, he knows the shit is getting higher even quicker in the United Swine farm ...

That diversion tactic is getting tiring ya know ? We might have to get to work on your case soon ! :D

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