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S&P downgrades European Union's credit rating
http://www.marketplace.org/ ^ | December 20, 2013 | Nigel Cassidy, Marketplace Morning Report

Posted on 12/20/2013 6:35:42 AM PST by Starboard

European leaders meeting in Brussels for a summit on banking rules got some bad news this morning. The Standard and Poor's credit rating agency announced that it is stripping the entire European Union of its AAA rating.

(Excerpt) Read more at marketplace.org ...


TOPICS: Business/Economy; Government
KEYWORDS: downgrade; eu; sp
This downgrade probably won't get much coverage in the MSM.
1 posted on 12/20/2013 6:35:42 AM PST by Starboard
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To: Starboard

Looks like the Ukraine dodged a bullet


2 posted on 12/20/2013 6:39:16 AM PST by kidd
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To: Starboard

How long before some EU Eurocrat tries to make such actions illegal?


3 posted on 12/20/2013 6:41:15 AM PST by bill1952 (Choice is an illusion created between those with power - and those without)
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To: Starboard; cunning_fish
This is the unavoidable future of the EU.

Pinging the fish, another item that helps explain European - Eastern European current events.

4 posted on 12/20/2013 6:41:25 AM PST by Navy Patriot (Join the Democrats, it's not Fascism when WE do it, and the Constitution and law mean what WE say.)
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To: bill1952
How long before some EU Eurocrat tries to make such actions illegal?

Consider Obama already on it, he was for US bonds. S&P will rue the day.

5 posted on 12/20/2013 6:43:45 AM PST by Navy Patriot (Join the Democrats, it's not Fascism when WE do it, and the Constitution and law mean what WE say.)
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To: SAJ

Eurotopia Ping.


6 posted on 12/20/2013 7:09:30 AM PST by Army Air Corps (Four Fried Chickens and a Coke)
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To: kidd

And got hit by a train.


7 posted on 12/20/2013 7:37:44 AM PST by 1rudeboy
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