S&P downgrades nine eurozone credit ratings

[CPS123456]

S&P were giving a buy signal for Lehman Bros, a few days before their collapse. Lol.

[MidnightFapper69]

lmfao, look at these buthurt libtards, always looking to blame everyone.

[Chesedrosen]

The French are just as proud and stubborn as us.

[Chesedrosen]

No surprise on Spain and Portugal though.

[Chesedrosen]

Looks like Paris better shut off the sparkling Eiffel Tower.

[busterhyman21]

S&P? are'nt they the guys who fradulently rated those mortgage securities?

what a sham.

[goddamnedbush]

Standard & Poor´s is just a puppet of an bankruptcy US system, try too destroy Europes financial system.

Never trust dollar´s. Its only ass paper.

[apagoogoo]

certain banks, like RBC for example, are obliged to attend bond auctions (and expected to buy bonds) if they've made commitments to those countries to be preferred bondholders. these agreements span, in some cases, over a decade. so when countries tank, like greece, banks reluctantly attend auctions and reluctantly buy debt. but if their mandate is to only buy triple-a rated products, this kind of downgrade gives them a great excuse to bow out.

[john9988766]

We're taking S&P seriously? The same agency that still rated American (sub-prime) mortgage backed securities AAA in 2008? Ok then..

[Mikysagrado]

I m fed up with S&P!!!! ufffff

[Abbadon380]

Ami the only one who thinks there will be a complete economic fall new rise of nationalism another hitler and world war another holocaust another 2 nations will rise as the new world powers as the US falls another nation created in the most hospitable place another cold war everything over AGAIN FUUUUU

[Abbadon380]

YUP THE EU IS FUCKED

[StarsManny]

What's that finance minister talking about? No credit agencies are "dictating government policy", that's just stupid. They just give ratings so that OUR retirement funds at least have a chance of going somewhere decent.

They're not always right of course. In this case though they are just reacting to what investors are ALREADY saying in the interest rates they demand.

btw I wonder if the French-owned Fitch agency will follow suit? Perhaps not ;-)

[minhounou]

@StarsManny Fitch already said that France will keep his AAA in 2012, this agency is one of the 3 most important and she is majority own by a French billionaire Marc Ladreit de Lacharrière owner of the holding Fimalac. so...

I hope the others agencies will downgrade the UK, since their deficit and debt rate are pretty the same or even more than France...

[StarsManny]

@minhounou That's a shit attitude. OK so you've just had a downgrade, but it's not the end of the world.

If you hope for something like that then you're a fool, because nobody benefits from a neighbouring countries' economy getting into trouble. You think we're laughing about the French downgrade here? No, because it is bad news for us too. We would like to see healthy trade all everywhere because everyone benefits. Stop being paranoid.

[minhounou]

@StarsManny lolz c'mon I don't care about S&P and his downgrade.

I just wrote that Fitch is predominantly own by a French and that the UK deserve also a downgrade since you have a bad economic situation, a weak growth rate, and even a worst deficit and debt rate than France.

The only difference with France is that you are not member of the eurozone and the bank of England is totally independent. otherwise you will already downgrade...

The investissors don't trust the eurozone anymore.

[StarsManny]

@minhounou well OK that's pretty much true, we do have more options right now.

[neverfearchrisishere]

@minhounou The UK may be in alot of debt, but it also OWNS alot of debt - they pretty much cancel each other out. Also the debt the UK owns brings in more interest than they have to pay out on the debt they have.

[MrFattyfatfatboy]

If the Australian Prime minister dares give any more money to this waste of space im out on the street, china is our futre not europe and we have given billions in a waste of time no more money to support up euro bonds we must not give these people one more dollar

[minhounou]

Sarkozy bye bye ! dans 4 mois on entendra plus parler de toi...

[meltingEyeballs]

Can someone do an investigation on the executive & advisory heads of S&P, ECB & EU council? The public will love to know how they could be related. They seem to be working in concert to consolidate political & financial power within EU, effectively reducing the executive powers of the heads of the member states. This monetary union is slowly becoming an effective political union which could completely gain control of all member states in the near future.

[matman125]

3:03 The hell is going on at the Eiffel Tower?

[reprimand33]

@matman125

Clearly you never been to Paris!! That is a light show they hold I think every night

[gavmcguinness8024]

We're being held ransom by bureaucrats in New York. We need to stand together and not take it any more.

[ChurchLadyLiberty]

The shysters at S&P deserve to be shot...no, they should be tortured slowly. They're just ZioFascist criminals engaging in bribery as usual. Who gives a shit about their ratings? It's all just a Jew systerm of usury & fraud. Tell the Jews to keep their criminal system. The rest of us need to start our own...& make sure that not even a single Jew is ever allowed to work w/in it.

[ZwolfZki]

I can kind of understand how the US might get pissed about Germany & France setting up a currency to rival the petro-dollar. I'd like to see how France would react if some African leader proposed an even newer currency, say gold-based...

[mispistoleros]

@ZwolfZki, I don't think those who sit behind the thrones were concerned about a rival to the US$. If anything, it's a friendly tennis match. The real objective is to consolidate Europe into a single entity, much like the North American Union and its Amero. The unified EU project may yet fail. Also, new US$ bills are to be issued; actually, they're marked "Federal Reserve Note".

[ZwolfZki]

@mispistoleros Pics or gtfo.

[candakz]

@ZwolfZki Unfortunately, Africa lacks the same credibility towards major investors in the West and Asia. We all know that the African capital market is completely dispensable in the grand scheme of things because they lack the political will, the economical scale, the technological capabilities, and the military might enjoyed by major powers like USA and France.

[apagoogoo]

EFSF = joke.

[lovetohate028]

about time

[Ghenjiskhan]

Germany should just bounce same with France and the UK if they left they would be better off form their own group and not have to hand out welfare to Greece and other countries.

[apagoogoo]

@Ghenjiskhan germany needs the weaker countries to stay in the euro - if the currency strengthens, exports decline.

[TheRacistsMustDie]

@apagoogoo @yourtreat2 Bullseye!

[JackofOneTrade567]

Collapse is the natural result of statism. The eurozone is dying, and it's going to take most of europe with it.

[yourtreat2]

@JackofOneTrade567

"statism", eh?

Try complete deregulation of the banks, mortgage firms, credit card issuers, as well as, uncontrolled globalization and huge immigration from North Africa and the poorer new EU Countries to the richer old EU Countries.

Sorry. Try again..

[JackofOneTrade567]

@yourtreat2 Branches of statism. If richer countries would stop raping africa of resources, what need would they have to immigrate? Same thing is happening with hispanics moving to north america. Except american drug laws make things worse for hispanics by creating black markets.

As for deregulation - Regulation has the adverse effect of creating monopolies. Unregulated markets are the ideal, but when you have decades of regulation, deregulation is bound to create problems.

[yourtreat2]

@JackofOneTrade567

"As for deregulation - Regulation has the adverse effect of creating monopolies"

You obviously are just talking shit. I'm not going to bother with you.

Get an education.

[JackofOneTrade567]

@yourtreat2 Ya I was thinking the same about you. Such blind dependence on violence and coercion isn't worth my time. Call me when you grow some humanity. 

[SerratedXx]

Left wing being irrational? Not surprising. S&P downgraded the U.S months ago but they immediately form a conspiracy theory about how the We're is plotting the downfall of Europe. You guys don't need our help there, you're already committing suicide with your multicult immigration policies in an attempt to not appear "racist".

[breaks0]

All true, but how can France be in recession if it's growing by 1%? Isn't a recession two consecutive quarters of contraction of a country's GDP?

[leeleonor1]

EUrozone credit rating explained

[stretch34318]

those ratings are still too high, I'd say. there are so many levels of ratings, they barely downgraded them at all.

[candypink40]

Well said Frank!



[frankknopers]

We need a European rating agency to downgrade American bankrupt banks and states!

[StarsManny]

@frankknopers There already is one. The Fitch agency is French.

[honeybeeakacia]

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