Tuesday, June 14, 2011

Greece sinks to bottom of World's credit ratings

Greece has sunk to the bottom of the list of all the nations in the world as far as its credit-worthiness is concerned.

Greece is a member of the European Union, an organisation, which in the cause of trying to save its single currency, the €uro,  has employed every dirty, deceitful and underhand trick in the book. A detailed report of this fall of Greece, is in the Irish Times, linked here, from which I quote this passage:

Greece became the lowest-rated country in the world in the rankings of Standard Poor’s yesterday, putting it below Ecuador, Jamaica, Pakistan and Grenada.

The rating agency cut Greece three notches and warned it would view a likely debt restructuring as a default.

Soon, at first one by one, then probably later in a Gaderene rush, the other countries, that have also handed their democracies to this corrupt, bureaucratic and completely shameless organisation that is the European Union, will follow Greece to the bottom of the World's ratings, so that Europeans will no longer be able to bury their heads in the sand and must then face up to the real facts that the EU, is quite simply, 'The Pits'



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