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Author Topic: Moody's downgrades Italy, Portugal, Spain, Slovakia, Slovenia and Malta [Locked]
Brother_Tempus  3 stars
Title: Patriot
Posts: 985
Registered: 2001-1-9 08:07:00
It's only going to get worse as the unelected technocrats @ the Eu embrace more Keynesianism and central government





http://www.washingtonpost.com/business/economy/moodys-cuts-ratings-on-italy-portugal-and-spain/2012/02/13/gIQATZczBR_story.html

NEW YORK — Ratings agency Moody’s Investor Service on Monday downgraded its credit ratings on Italy, Portugal and Spain, while France, Britain and Austria kept their top ratings but had their outlooks dropped to “negative” from “stable.”

Moody’s also cut its ratings on the smaller nations of Slovakia, Slovenia and Malta. All nine countries are members of the European Union.

The agency said it took the actions due to the uncertainty over EU financial reforms, the region’s weak economic outlook and the resulting pressure on fragile markets. Government debt ratings can play a major role in countries’ borrowing costs because they often lead to higher interest rates that must be paid to offset investors taking on greater risk.

 

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Ah-Schoo  4 stars
Title: Fuzzy Caterpillar of Friendliness
Posts: 3,034
Registered: 2000-8-11 09:05:29
Oh clapping.gif, how I've missed you.


TRIO! Did you get fired or are you stealing from your corporate overlords right now?

 

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Opinion = fact. Anecdote = proof. Political label more important than either of those.
Welcome to ACF, where debate goes to die.
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Mangler_SC  4 stars
Title: Bellybutton Lint Collector
Posts: 1,856
Registered: 2003-12-2 08:37:05
Brother_Tempus posted:

Buy Rhino Horn.

 

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Cuttlery  4 stars
Title: Wanna see what you missed?
Posts: 2,631
Registered: 2001-1-9 19:31:21
I heard Malta is moving to the Rhino horn standard.


I thought BT would move on to a fresh troll after the American voters rejected Ron Paul as a fraud not revert back to this boring stale crap.

 

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0.o
Bored and Useless
Ah-Schoo  4 stars
Title: Fuzzy Caterpillar of Friendliness
Posts: 3,034
Registered: 2000-8-11 09:05:29
Cuttlery posted:

I heard Malta is moving to the Rhino horn standard.


I thought BT would move on to a fresh troll after the American voters rejected Ron Paul as a fraud not revert back to this boring stale crap.

No it still works, he totally trolled me AGAIN.

 

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Opinion = fact. Anecdote = proof. Political label more important than either of those.
Welcome to ACF, where debate goes to die.
.
"fascist totalitarian secular progressive Zionist intellectually challenged Christian puppets." - Aerlinthina
_Gimpzilla_  1 star
Posts: 116
Registered: 2000-3-12 20:20:37
Surely the world economy teeters on the brink because of what happens in Malta.

 

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Cause you're not quite evil enough. You're semi-evil, you're quasi-evil, you're the margarine of evil,
you're the diet coke of evil, just one calorie, not "evil" enough.
Destroying small towns near you...
ikkoikki  4 stars
Posts: 1,964
Registered: 2009-2-8 10:34:47
Sure, but how is this Obama's fault?

oh wait I can't say that, not even jokingly

 

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Chicago Bulls: 43-13
post game gem from Joakim Noah: "We cannot play with our heads down and have a poo poo face. Sometimes we have a poo poo face."
Brother_Tempus  3 stars
Title: Patriot
Posts: 985
Registered: 2001-1-9 08:07:00
_Gimpzilla_ posted:

Surely the world economy teeters on the brink because of what happens in Malta.



They are all tied together under the noose of one economic policy ... if one hangs, they all hang.

 

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You win ACF, dude - Osmenthe
BT is usually right - Onslaught
i think we need more BT on page 1 - FighterUSAF
Yep, BT is right - Aerlinthian
Got guns & ammo? Food? Precious metals?
Ah-Schoo  4 stars
Title: Fuzzy Caterpillar of Friendliness
Posts: 3,034
Registered: 2000-8-11 09:05:29
So it's already too late. Time to start killing rhinos.

 

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Opinion = fact. Anecdote = proof. Political label more important than either of those.
Welcome to ACF, where debate goes to die.
.
"fascist totalitarian secular progressive Zionist intellectually challenged Christian puppets." - Aerlinthina
Fozzie_Bear  4 stars
Posts: 2,490
Registered: 2001-12-20 01:43:43
wonder if they taste like chicken

 

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Then after an Oatmeal Cranberry and Double Chocolate,
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---AkagiyamaMissile

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