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Spain credit rating downgraded to negative

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posted on Dec, 10 2009 @ 07:36 AM
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Spain credit rating downgraded to negative




Spain has had its credit outlook cut to negative from stable by the ratings agency Standard & Poor's.



The agency said Spain faced a deeper deterioration in public finances and a longer period of economic weakness than it had previously expected.



Spain's debt is expected to hit 67% of gross domestic product next year, according to S&P, compared with 125% forecast for Greece.



"Either we eradicate the debt or the debt will eliminate the country," George Papandreou said, copying a phrase first used by his father Andreas, who also served two terms as prime minister.


news.bbc.co.uk...

This could create a snowball effect,Greece could be next.

[edit on 10-12-2009 by genius/idoit]




posted on Dec, 10 2009 @ 06:08 PM
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This is cool. Even though I am of Spanish descent I want this country to suffer. This is a fitting punishment for giving 'human' rights to gorillas.





posted on Dec, 10 2009 @ 06:15 PM
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reply to post by eldard
 


Could you explain please?



posted on Dec, 10 2009 @ 10:20 PM
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yes,could you explain please?



posted on Dec, 10 2009 @ 10:22 PM
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I think we all know what he meant ...

If you think an innocent animal should not be giving rights .. then you are a soulless monster (and know nothing about the way gorillaz are treated)..

.. Underground experiment, illegal fighting .. torture for fun .. etc..





[edit on 10-12-2009 by Polynomial C]



posted on Dec, 10 2009 @ 10:26 PM
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reply to post by Polynomial C
 

I don't even know what you mean.please explain what we all missed.


also this;

Greece hit with credit rating cut



ATHENS - Fitch Ratings downgraded Greece's credit rating yesterday, citing concern over public finances and doubts that the new government would be able to sufficiently contain the ballooning debt. The downgrade came a day after another agency, Standard & Poor's, warned it might downgrade its own rating on Greece's national debt. In a statement, Fitch said it was cutting Greece's rating from A- to BBB+ - the worst in the eurozone - with a negative outlook.

link;www.nzherald.co.nz...

Britons next.



posted on Dec, 10 2009 @ 10:28 PM
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reply to post by Polynomial C
 


oh.I wasn't sure what you meant.Thank you.



posted on Dec, 10 2009 @ 10:28 PM
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reply to post by genius/idoit
 


the Spanish government gave SOME human rights to apes ..



posted on Dec, 10 2009 @ 10:31 PM
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reply to post by Polynomial C
 


yeah I think I remember that.back to topic what about all theese country's getting their credit rating dropped?



posted on Dec, 10 2009 @ 10:39 PM
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Welcome to the new world order.. Your country is now reduced to credit rating!

Lets look at this shall we..

Your country has a credit rating, the people are shares? and the funny part is people think thats normal?

First time i seen this was on the BBC news channel And i was pretty shocked when the woman spat out the following words

UK PLC

any idea what that means? United Kingdom - Public Listed Company

say wat? since when was my country for SALE? oh wait, im just a slave to keep the products flowing for an ever growing population to pass the time because we are waiting for god to come save us "or aliens" ...

are people totaly BONKERS?

sheesh im glad my time on this planet is limited..
you lot are indeed MAD

for got to add selfish, greedy and blind..

why was i made a human, ants have more brains

[edit on 10-12-2009 by 13579]




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