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Standard & Poor’s warns 15 Eurozone nations of potential downgrades

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posted on Dec, 6 2011 @ 09:02 AM
The US stock market is experiencing a false sense of “Everything’s OK”, as Merckle and the other clowns tap dance across the BS stage, like the planters peanut guy, for all the world to see. They are merely distracting everybody from what’s likely going on. Party will end pretty soon, and then the US will follow.

Standard & Poor's on Monday warned it may carry out an unprecedented mass downgrade of euro zone countries if EU leaders fail to reach an agreement on how to solve the region's debt crisis in a summit later this week.

Standard & Poor’s put 15 European Union nations on watch for a possible downgrade of their credit ratings as the continent’s debt crisis lingers. The threat to downgrade the euro zone countries — including the ones that enjoy the stellar triple-A-rating — comes ahead of a crucial summit of EU leaders later this week. The nations include Austria, Belgium, Estonia, Finland, France, Germany, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, the Solvak Republic, Slovenia and Spain. Greece and Cyprus were not included on the list. Cyprus was already on negative watch. Earlier, the Financial Times had reported that the ratings agency warned Germany, France, the Netherlands, Austria, Finland and Luxembourg that the countries’ top-notch ratings could be downgraded to double-A plus


“(There is) rising risk of economic recession in the euro zone as a whole in 2012

With the present situation going on in Europe(Financially & Econonomically, I am not surprised it could turn worse by 2012.This isn't an official credit downgrade, but it is a not so subtle warning to European nations that they must work toward getting their house in order.

The agency's decision is uncontroversial, says the BBC's Robert Peston, because eurozone banks have been struggling to borrow, a number of eurozone economies are buckling under the burden of big government and household debts and there is a significant risk of recession.

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posted on Dec, 6 2011 @ 09:13 AM
who are they, how can they do that, why do these few agencies and people can messure and rate the whole banking system...why are these people so accepted, what if nobody would listen to them - what if they are wrong, would that be false advice (don't know whats teh correct law-term)....

seriously, i think these are questions that must be answered...there is some conspiracy behind that rating-system/agencies...

posted on Dec, 6 2011 @ 09:20 AM
reply to post by AncietSoul

It must be clear to everybody by now that the western financial system as we know it is toast.

They are just trying to delay the inevitable until after Xmas and New Year....gotta get people to spend their last pennies in the last shopping period before the fall.

The Euro will remain, but only as a Franco-German currency and now that France and Germany are arbitrarily creating a NEW TREATY !!, any nation with half a brain will get the hell out now.

All of the ratings agencies are quite rightly about to downgrade the Eurozone, it has been found wanting during this erm....distressing time.

The domino's will fall into the US and to Asia.

I would that failed banks be allowed to fail this time.

Also, given that money doesn't just disappear, i think many people will be asking " so where is all the money !?! "
come January 2012.

Caiman Islands might be a good place to start i mean looking.


posted on Dec, 6 2011 @ 09:58 AM
reply to post by Hessdalen

Standard & Poor's (S&P) is a United States-based financial services company. It is a division of The McGraw-Hill Companies that publishes financial research and analysis on stocks and bonds. It is well known for its stock-market indices, the US-based S&P 500, the Australian S&P/ASX 200, the Canadian S&P/TSX, the Italian S&P/MIB and India's S&P CNX Nifty. The company is one of the Big Three credit-rating agencies, which also include Moody's Investor Service and Fitch Ratings. Its head office is located on 55 Water Street in Lower Manhattan, New York City.

The company traces its history back to 1860, with the publication by Henry Varnum Poor of History of Railroads and Canals in the United States. This book was an attempt to compile comprehensive information about the financial and operational state of U.S. railroad companies. Henry Varnum went on to establish H.V. and H.W. Poor Co. with his son, Henry William, and published annually updated versions of this book.[4][5] In 1906, Luther Lee Blake founded the Standard Statistics Bureau, with the view to providing financial information on non-railroad companies. Instead of an annually published book, Standard Statistics would use 5" x 7" cards, allowing for more frequent updates.[4] In 1941, Poor and Standard Statistics merged to become Standard & Poor's Corp. In 1966, the company was acquired by The McGraw-Hill Companies, and now encompasses the Financial Services division


I think They are one who decides everything. If you need more infor refer to the below link


posted on Dec, 8 2011 @ 04:24 AM

Clear sailing for Eurozone unlikely: S & P places entire European Union on negative credit-watch

Here's the press release on why S&P changed the EU's long-term outlook to negative: --- On Dec. 5, 2011, Standard & Poor's placed the ratings on 15 of the 17 member states of the European Monetary and Economic Union (EMU or eurozone) governments on CreditWatch with negative implications. As a result, the ratings on 17 European Union (EU) member states are now on CreditWatch with negative implications. We are therefore also placing the 'AAA' long-term rating on the EU on CreditWatch negative. At the same time, we are affirming the 'A-1+' short-term rating on the EU. The CreditWatch placement on the eurozone member states was prompted by our concerns about the potential impact on these member states of what we view as deepening political, financial, and monetary problems within the eurozone. Eurozone members directly contribute approximately 62% of the EU's total 2011 budgeted revenues. Our CreditWatch review will focus on the financial ability of eurozone member states to support the EU's debt service should the institution face a period of financial distress. We expect to conclude our review as soon as possible after the European summit on Dec. 9, 2011. Depending on the outcome of our review of the ratings on eurozone member governments, we could lower the long-term rating on the EU by one notch, if any. Read more:

the big export countries of Germany need consumers on their landmass, unencumbered by import duties. Its as simple as that. There' s no new demand for imaging machines or powerful cars in Germany or France or Scandianavia. It's in the periphery, or Eastern Europe. Of course, you can export to Latin America or Asia, but that's more likely to be production licenses than actual products. Your labor force won't keep busy with licenses.

The wealthy countries' electorates are unhappy? Well, guess what, the wealthy countries' corporations don't care.

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