Taking notes 2

With the recent downgrading of almost ten Eurozone states by Standard & Poor’s from their so-called triple-A ratings thanks to their debts, sage Euro policymakers have railed against them and the other two agencies, Moody’s and Fitch. The claim by these staunch Europeans is that these credit rating agencies were too quick in downgrading their debt ridden countries from their much coveted ‘AAA’ status despite these chronic economies succumbing to ‘bailouts and austerity programmes’. Coincidentally, as if by the magic of the ‘free market’ some new characters have appeared on the scene called Berger and Krall to launch a European … Continue reading Taking notes 2