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S&P Downgraded EFSF, the Euro Zone Rescue Fund

For some stupid reason I had to laugh when I read the news that rating agency Standard & Poor’s downgraded the European Financial Stability Fund (EFSF), the rescue and bailout fund of the euro zone. It blew in my mind a mixture of the “Vacuum Cleaner Beast” and the “Nowhere man” …

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Moody’s Violently Kicked EU’s Butts Over Portugal

Finally the kings and queens of European Union and relevant royal families like the one in Germany woke up. In fact, they were violently rose from their beds with a painful kick landing at their snobbish butts. They came running down the imperial staircase to the living room. Confirmed reports insist,  it …

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S&P downgrades Greece – PM lashes out against Rating agencies

Standard & Poor΄s Ratings Services said on Tuesday it lowered its long-term sovereign credit rating on Greece to ΄BB-΄ from ΄BB+΄ and maintained the rating on CreditWatch with negative implications.  At the same time, the rating agency placed its ΄B΄ short-term sovereign credit rating on Greece on CreditWatch with negative …

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