Italy and Spain DOWNGRADED - Eurozone Crisis

BBC News: Reports that Fitch the Credit Agency had downgraded the credit rating of Italy and Spain. At the end of the day folks its about debt, the European Central Bank is keeping Italy going, the Italian Government has had to meet the demands of the ECB as to keep the ECB buying Italian debt. The question is when is the EU master plan for Greece and the rest of the Eurozone crisis going to be agreed and published. In Spain the Left wing Government has hiked taxes for the rich in a time of recession, the focus of late has been on Greece and Italy, sooner or later Spain is going to be in the spotlight, it is also a debt basket case, if Spain goes down the toilet it will take the Euro and the EU with it, even the EU could not bailout out Spain and Italy. The more time the EU politicians take in developing a plan the more chance that the EU will go over an economic cliff, time is not a friend in this case folks.