Wednesday, Mar 24, 2010
Not long now for UK
Yahoo: Portugal's credit rating downgraded by Fitch
sooon the horror show will start
Posted by mark @ 12:13 PM (811 views) Add Comment
10 Comments
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1. alan said...
This is a bold step by Fitch.
How much bigger will our defecit get before we get downgraded too? Maybe that's on someone else's watch....not Darling's?
2. jack c said...
It makes sense to vote Labour back in and see them squirm/suffer at the hands of the markets for their financial incompetance and latter day scorched earth policy - I suspect a nightmare on Downing Street will be showing on TV screens by about mid June 2010.
3. mr g said...
Jack C.
Yes, I've never thought of voting Labour in my life but will do so this time as I live in a key marginal constituency and hope it helps get this shower of sh*t back into power and have to face the consequences of their actions.
I'd particularly like to see Ed Balls, as Chancellor, squirm and suffer at the hands of the market.
4. mark said...
maybe this is a warning shot by fitch ?????
5. layers said...
Vote them back in eh? An interesting thought indeed...
6. jack c said...
layers - get your cross in the Labour box and we can really have some healthy debate and no doubt a few chuckles from June onwards when crash G & Co then have deal with the sh*t they thought they were leave for Eaton Dave and Georgie Boy !
7. Johnny5thumbs said...
Don't bank on it. Ole Blighty always seems to pull itself out of the mire within a few months or so of the soothsayers' 'end-of-the-world' predictions. Throwing the likes of Portugal and Greece to the wolves always comes a tad easier for the Bilderberg illuminati than finishing off the likes of GB PLC. Scoff, ye may, but I reserve the right to come back and haunt you with your disaster-zone statements when they are proved wrong in a year's time. :o)
Not that we don't deserve to be downgraded after Gordon's giant borrowathon, but since when has 'deserve' got anything to do with it ?
8. Fra Paolo said...
I keep saying that this is a good election to lose. 1992 was a good election to lose. 1970 was a good election to lose. Time the Tories benefited for a change.
9. tenant super said...
Another five years so that they wreck our economy leaving us with 15% interest rates and ensure that they will never get back into office for at least a generation or more seems on the surface like a reasonable plan. My main fear about voting them back in is that they change the first passed the post system to some form of proportional representation and we get stuck with a lib-lab centre left alliance forever!
10. uncle tom said...
I had dinner with Paul Symington on Monday, who is a director of one of Portugal's largest exporters.
He believes the problems faced by Portugal are far worse than those faced by Greece, and he really hopes Portugal will crash out of the eurozone soon.