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Realistbear

Greece: Bonds Now Junk

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http://uk.finance.yahoo.com/news/Fitch-cuts-Greek-rating-junk-reuters_molt-3055201914.html?x=0

17:44, Friday 14 January 2011
ATHENS (
Reuters
) - Fitch cut Greece's credit rating to junk on Friday, highlighting persisting doubts over the country's ability to pull itself out of a severe debt crisis that has shaken the euro zone.

Shaken but not yet stirred. Euro is still soaring.

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http://uk.finance.yahoo.com/news/Fitch-cuts-Greek-rating-junk-reuters_molt-3055201914.html?x=0

17:44, Friday 14 January 2011
ATHENS (
Reuters
) - Fitch cut Greece's credit rating to junk on Friday, highlighting persisting doubts over the country's ability to pull itself out of a severe debt crisis that has shaken the euro zone.

Shaken but not yet stirred. Euro is still soaring.

Of course the Euro soaring, Portugal and Spain's were a roaring success. Everything is fine.

In all seriousness though, when was the last time you saw the BBC present news on the supposed success of a bond auction (that everything was hanging on - until next time in a few weeks)? Personally I have never seen this happen before and it is a strong indicator of the gravity of the situation.

Edited by General Congreve

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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