Standard & Poor? That's the name of a financial company? Seriously? One with authority to 'rate' European countries, and 'downgrade' nine of them? S&P is owned by McGraw-Hill companies. Who owns them? Just a hunch, but this latest 'downgrading' benefits [the bankers], right?
Standard, poor and moody article from BBC, with overview, FAQ links etc
AntwortenLöschenhttp://www.bbc.co.uk/news/world-europe-16558465
Let's have a guess which ones are AAA ?
AntwortenLöschenHmm Netherlands, Switzerland, Germany, Finland, Norway. Probably not UK. France?
See if I was right at link ^
With a name like 'Standard and Poor', I imagine that the agency has (ironically) humble origins.
AntwortenLöschenThis reminds me of when Thatcher sold off (!?) Scottish mutuals, since they had 'no clear accountability'.
Thanks to Betsy for this one...
AntwortenLöschenhttp://globalresearch.ca/index.php?context=va&aid=28658
The practice of any private financial rating company passing judgement on national economies is an unacceptable attempt to affect the political process, and even to interfere with international relations.
AntwortenLöschenCurrently, a US corporation is considered a "person" by the Supreme Court, so it follows that S&P has the freedom of speech to express its corporate opinion. However, all nations, including the US, should issue proclaimations that such ratings are not to be taken seriously, and form an international agreement not to base any economic policy on such a rating.