 World S&P May Declare Greece in Default (karma: 3)
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By jukinj3  Comments: 15054, member since Tue Apr 08, 2003On Wed Jan 25, 2012 10:07 AM
Standard & Poor's will likely downgrade Greece's ratings to "selective default" when the country concludes its debt restructuring, but that will not necessarily destroy the credibility of the European Union, an official with the ratings agency said on Tuesday.
I'm surprised that S&P will do this before the euro fund gives the lazy butt fuckers another 100 billion euro, not that below junk status will stop the eurocrats from burning/flushing that money. They will do anything to keep their view of the world no matter how much reality hits them in the head.
S&P May Declare Greece in Default
By REUTERS
January 24, 2012
Standard & Poor's will likely downgrade Greece's ratings to "selective default" when the country concludes its debt restructuring, but that will not necessarily destroy the credibility of the European Union, an official with the ratings agency said on Tuesday.
"It's not a given that Greece's default would have a domino effect in the euro zone," John Chambers, the chairman of S&P's sovereign rating committee, said in an event organized by Blooomberg Link.
Read the original: www.thefiscaltimes.com . . .3 Replies to S&P May Declare Greece in Default |
 re: S&P May Declare Greece in Default (karma: 3)
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By VAVD Comments: 2707, member since Wed Nov 25, 2009On Wed Jan 25, 2012 10:11 AM
the credibility of the European Union
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 re: S&P May Declare Greece in Default en>fr fr>en
By NikosAliagas Comments: 1086, member since Sun Jul 15, 2007On Wed Jan 25, 2012 01:33 PM
Edited by NikosAliagas (80747) on 2012-01-25 13:40:39 typos
junkin junk 3 wrote:
S&P May Declare Greece in Default
By REUTERS
January 24, 2012
Standard & Poor's will likely downgrade Greece's ratings to "selective default" when the country concludes its debt restructuring, but that will not necessarily destroy the credibility of the European Union, an official with the ratings agency said on Tuesday.
It will, however, destroy Standard & Poor's credibility.
For the record:
- Standard & Poor's rated Triple-A the subprimes products who pushed american banks on the brink of extinction in 2007
- Standard &Poor's dowgraded France, Italy and Spain earlier. Then, these countries borrowing costs went DOWN.
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re: S&P May Declare Greece in Default en>fr fr>en
By jukinj3 Comments: 15054, member since Tue Apr 08, 2003On Wed Jan 25, 2012 02:23 PM
NikosAliagas wrote:
junkin junk 3 wrote:
S&P May Declare Greece in Default
By REUTERS
January 24, 2012
Standard & Poor's will likely downgrade Greece's ratings to "selective default" when the country concludes its debt restructuring, but that will not necessarily destroy the credibility of the European Union, an official with the ratings agency said on Tuesday.
It will, however, destroy Standard & Poor's credibility.
For the record:
- Standard & Poor's rated Triple-A the subprimes products who pushed american banks on the brink of extinction in 2007
- Standard &Poor's dowgraded France, Italy and Spain earlier. Then, these countries borrowing costs went DOWN.
When politicians or bureaucrats deny it, you know it is true. |
