S&P is Cutting Europe Sovereign Ratings: Ireland is First

It was inevitable. There is no possible way possible that austerity mixes with growth. Add that to an severely ailing banking sector that needs constant government support and you get a sovereign downgrade. Which country is next? Spain, Greece, Portugal, England??? Aug. 24 (Bloomberg) — Bloomberg’s Matt Miller, Dominic Chu and Julie Hyman discuss today’s decision by [...] Related posts: Roubini’s Pessimism – How to Play It With Gusto Debt Bomb – The “Enormous” Exposure to PIGS DHUnplugged #58 – Figuring Out Europe
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