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(Danilo, 28 August 2013 12:32)
Yes I quoted the wrong agency. However, since that assement in April this year Slovenia is now junk bond status. I know that Serbia can get a loan at a very reasonable interest rate even taking into consideration her economic situation from the major lenders in Asia. Slovenia and Croatia cannot even get a loan for a can of coke without guarantees from the EU. Doesn’t that tell you something? Slovenians are demonstrating regularly against what they now see as lies when they were promised the world if they broke away from Yugoslavia and are about to get shafted.
Don’t you ever ask yourself the question how can Slovenia have such a high credit rating when it has no industry to speak of and most of its income is tourism.
There is plenty of information that is never printed but common knowledge within the world finance circles. Most of the stuff that is printed is worthless. For example, four weeks ago we had the headlines “US housing industry on the rise” yet only on Monday the price of gold went up because US housing remains flat.
Why do you think western rating agencies are not used by Asian financiers?
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