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Moody's Cuts Slovenia To "junk", Torpedoing Bond Issue

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http://uk.reuters.com/article/2013/04/30/uk-slovenia-issue-idUKBRE93T0XM20130430

Slovenia abandoned an attempt to issue bonds and Moody's cut its debt rating to "junk" on Tuesday, dealing a blow to the country's goal of healing its ailing state-owned banks and avoid following Cyprus into the euro zone's emergency room.

The move raises the prospect the tiny Alpine state of 2 million will have to ask its euro zone partners for a bailout as its mostly state-controlled banks struggle under the weight of bad loans worth around a fifth of the economy.

The downgrade followed weeks of criticism from investors, European Union officials and analysts that Prime Minister Alenka Bratusek's government has been too slow revealing details of a bank clean up and austerity measures they say are required to shrink a budget deficit swollen by a double-dip recession.

Still I'm sure they won't default.

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Oh noes, say it ain't sooo . . . and they signed up for Eurovision too!

Very appropriate lyrics:

'Straight into love (with the EU)

Eyes open wide, no stopping now . . .'

:lol:

Seriously though, poor bastards . . .

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How soon will we find out if Cyprus was a one off?

Evidently, banksters continue to suck blood from each and every country one,by one.

They downgrade the country or a bank, and then profit from the weakness of the particular country or a bank.:angry:

Slovenia's government debt will reach 70% if there was a bailout, which is not that bad.

In UK it is more than 80% (official figure,even though it is much more including PFI,etc) approaching more than 90% in a few years.

Then, how come UK's debt is not downgraded to "junk"?:ph34r: - Because the banksters are based here and surely they will not name themselves as "junk".

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Evidently, banksters continue to suck blood from each and every country one,by one.

They downgrade the country or a bank, and then profit from the weakness of the particular country or a bank.:angry:

Slovenia's government debt will reach 70% if there was a bailout, which is not that bad.

In UK it is more than 80% (official figure,even though it is much more including PFI,etc) approaching more than 90% in a few years.

Then, how come UK's debt is not downgraded to "junk"?

We will be, same as all the PIIGS, France, USA and many, many more, you think the banks have planned this, they have not, the banking system is about to fail, when money dies so do the banks, please read when money dies, it will give a wonderful view of the future.

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  • 239 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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