Posts tagged ‘default on debt’

July 8, 2011

Another Day, Another War

I don’t profess to know more than the real basics about this topic but why are the Euro zone countries declaring war on ratings agencies?  Just because they cannot manipulate private companies to do what they dictate, the Euro countries have decided to ‘clamp down’ on ratings agencies as some of them declared Greece to be in default in all but name and that Portugal’s bonds are like junk.

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