MADRID -- Ratings agency Fitch cut Spain's credit rating due to weak growth prospects.
Another ratings agency, Stand and Poor's, lowered Spain's credit rating a month ago to AA from AA+, citing a negative outlook for Spanish growth prospects.
B92
Credit agencies and international speculators are the main problem.Their continuous assaults on soveregn nations shows the banks are the ones running the show and the goverment of every nation are at their mercy.
They are the same raring agencies which two years ago they were giving AAAs to Lehman Brothers,AIG,Fanny & Mae and the icelanding banking sector.
The truth is that neither Spain or Greece or Portugal are bankrupt,the capitalist system is.It's bankrupt of morals,ideas and ideals.What we see now is democracy being threatened by unaccountable globalised gambling institutions whose assesmentsand ratings of our economies are dictated to be acted upon at goverment level.
The main thrust of those ratings is to take away people's homes and livehoods,reduce their standards of living and drive them to penury.
BTW. This is Spain's second downgrade in this month.If the ratings assault continues
and taking into account the country's $ 1.6 trillion debts the euroland'd days could be numbered.
MADRID -- Ratings agency Fitch cut Spain's credit rating due to weak growth prospects.
Another ratings agency, Stand and Poor's, lowered Spain's credit rating a month ago to AA from AA+, citing a negative outlook for Spanish growth prospects.
B92
Credit agencies and international speculators are the main problem.Their continuous assaults on soveregn nations shows the banks are the ones running the show and the goverment of every nation are at their mercy.
They are the same raring agencies which two years ago they were giving AAAs to Lehman Brothers,AIG,Fanny & Mae and the icelanding banking sector.
The truth is that neither Spain or Greece or Portugal are bankrupt,the capitalist system is.It's bankrupt of morals,ideas and ideals.What we see now is democracy being threatened by unaccountable globalised gambling institutions whose assesmentsand ratings of our economies are dictated to be acted upon at goverment level.
The main thrust of those ratings is to take away people's homes and livehoods,reduce their standards of living and drive them to penury.
BTW. This is Spain's second downgrade in this month.If the ratings assault continues
and taking into account the country's $ 1.6 trillion debts the euroland'd days could be numbered.
MADRID -- Ratings agency Fitch cut Spain's credit rating due to weak growth prospects.
Another ratings agency, Stand and Poor's, lowered Spain's credit rating a month ago to AA from AA+, citing a negative outlook for Spanish growth prospects.
B92
Credit agencies and international speculators are the main problem.Their continuous assaults on soveregn nations shows the banks are the ones running the show and the goverment of every nation are at their mercy.
They are the same raring agencies which two years ago they were giving AAAs to Lehman Brothers,AIG,Fanny & Mae and the icelanding banking sector.
The truth is that neither Spain or Greece or Portugal are bankrupt,the capitalist system is.It's bankrupt of morals,ideas and ideals.What we see now is democracy being threatened by unaccountable globalised gambling institutions whose assesmentsand ratings of our economies are dictated to be acted upon at goverment level.
The main thrust of those ratings is to take away people's homes and livehoods,reduce their standards of living and drive them to penury.
BTW. This is Spain's second downgrade in this month.If the ratings assault continues
and taking into account the country's $ 1.6 trillion debts the euroland'd days could be numbered.
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