Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests can post but they do have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.


We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."

Join Us for Dinar Discussions and More -- We Keep it REAL
HomeSearchMemberlistFAQLog inRegister
Help Us Drain the SWAMP in DINARLAND

REPORT TONY RENFROW for violating his Court Order to stay away from Dinar -

Judge's email: ksd_murguia_chambers@ksd.uscourts.gov
PHONE - 913-735-2340

DA's email: Scott.Rask@usdoj.gov
PHONE - 913-551-6730

Key Words
Adam Montana, AdminBill, Benjamin Fulford, Currency Exchange, David Schmidt, Dinar, Dinar Guru, Dinar Recaps, Dinar Rv, Dinar Scam, Dr Clarke, Frank26, Gary Larrabee, Gurus, Guru Hunters, JerzyBabkowski, Kaperoni, Kenny, Monetary Reform, Mnt Goat, My Ladies, Okie, Poppy, RamblerNash, Ray Renfrow, Redenomination, Revaluation, Ssmith, TNTBS, Tnt Tony, WING IT, We Are The People, Willis Clark, WSOMN, Yosef, Zap
Share | 

 S&P puts 15 eurozone governments on notice/Countdown is on to save euro/

Go down 
VIP NewsHound
VIP NewsHound

Posts : 1645
Join date : 2011-08-09

PostSubject: S&P puts 15 eurozone governments on notice/Countdown is on to save euro/   Tue Dec 06, 2011 1:33 pm


(above link to read more or view video)

By Ben Rooney @CNNMoneyMarkets December 6, 2011: 8:15 AM ET
Countdown is on to save euro

NEW YORK (CNNMoney) -- Standard & Poor's said Monday that it placed 15 members of the euro currency union on review for a possible downgrade as the debt crisis in the eurozone continues to worsen.
The blanket warning applies to AAA-rated nations such as Germany, France, the Netherlands, Austria, Finland and Luxembourg, the U.S.-based credit rating agency said in a press release.

But the review does not change anything for two members of the 17-nation monetary and currency union. Greece's credit rating currently reflects a high risk of default, and Cyprus was already under review.
S&P said the review was prompted "by our belief that systemic stresses in the eurozone have risen in recent weeks to the extent that they now put downward pressure on the credit standing of the eurozone as a whole."
The agency sees five factors behind the current debt crisis: Tightening credit conditions, rising yields on bonds issued by top rated sovereigns, ongoing political deadlock over how to deal with the crisis, high levels of government and household debt, and the rising risk that Europe will suffer an economic recession next year.
France is already seen as the most likely candidate to be stripped of its AAA status. But the decision to review Germany, the euro area's most creditworthy nation, points to the severity of the crisis.
Other euro area nations have already seen their ratings slashed by S&P, a division of McGraw-Hill. Most recently, S&P cut its rating on Belgium late last month.
European leaders try again
Italy and Spain have also suffered deep downgrades this year, although both nations retain investment grade ratings. Ireland and Portugal are also clinging onto investment greade ratings, but the rating on the bailed-out nation of Greece is already at junk status. (See correction below)
A downgrade of France or another of the region's top rated nations would have serious consequences for the European Financial Stability Facility. The EFSF, a government backed bailout fund, could lose its AAA rating if the nations that stand behind it are downgraded.

To read more please follow above link.
Back to top Go down
View user profile
S&P puts 15 eurozone governments on notice/Countdown is on to save euro/
Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
Jump to: