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Fitch Downgrades Portugal to Junk Status
Wall Street Journal ^ | November 24th, 2011 | Art Patnaude

Posted on 11/24/2011 3:52:13 AM PST by AnAmericanAbroad

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To: palmer

The Czechs are holding their own, which is good to see. The current government isn’t too bad either. I respect them for their competence, and let’s face it, competence is in short supply in many capitals of the world today.


21 posted on 11/24/2011 8:03:50 AM PST by AnAmericanAbroad (It's all bread and circuses for the future prey of the Morlocks.)
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To: F15Eagle
PIIGS are going to hit US banks. Before it is over.

Indeed. Think BofA dumping it's derivatives section into one covered by FDIC, with the Feds blessing. Can you spell BOHICA children?

22 posted on 11/24/2011 1:31:01 PM PST by Oatka (This is the USA, assimilate or evaporate.)
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To: AnAmericanAbroad

It’s been obvious for the past year that the PIIGS would be sliced up like ham by the Euro bankers. Surprised me that the Euro bankruptcy hasn’t occurred yet. It’s a when not an if.


23 posted on 11/24/2011 5:36:52 PM PST by RetiredTexasVet (There's a pill for just about everything ... except stupid!)
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To: AnAmericanAbroad

Yes, the Swiss franc was doing very nicely — until the Swiss decided to tie it to the Euro. Perhaps it will get untied again soon.


24 posted on 11/24/2011 7:37:14 PM PST by expat2
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