BBC News: Reports that the credit agency Standard & Poor's ( S&P) had downgraded the credit rating of Belgium from AA+ to AA. As noted in previous post folks the yields for Belgium bonds have been growing, also the last time this blog looked there is no actual government in Belgium, on the whole does not seemed to have harmed the good but boring people of Belgium ( yes they still didn’t give us ammo for the 1st Gulf War ). The Euro crisis is like watching a slow train wreck folks, as of Monday it will cost more for Belgium to sell its bonds, after the disaster of the German bonds, one has to ask when are the politicians going to wake up, at this rate the EU elite are going to take the Euro and the UK over a cliff, it will be to late when we hit bottom folks.
No comments:
Post a Comment