Is Europe Under Attack

 

The ratings agency Standard & Poor’s reduced the rating of eleven Euro-zone countries and in particular deemed Portugal as uninvestable.

 

So at a time when several large corporates are investing in Portugal, stability was returning to the markets, borrowing costs were falling and some glimmers of hope were appearing on the horizon S&P decide now’s the time to send shock-waves through the market.

 

Do they have an agenda, perhaps even a US lead agenda is there a body of people out there determined to see the Euro fail. I don’t want to sound like some of my conspiracy theory mates but it doesn’t make sense. The timing is just so perfect right down to the date Fri 13^th.

 

The pressure that these people are piling on Greece to leave the Euro and that is especially US led is astonishing especially when you consider that the Greek people are over 70% in favour of remaining in the Euro. What’s democratic about that I think those chaps across the pond should start re-examining their democratic credentials.

 

Leaving the Euro would make matters much worse and the Greeks no it and the effect on the world banking system would be seismic.

 

I think we should start to seriously re-evaluate the relationship that the ratings agencies have with the markets and perhaps decide that an independent internationally elected body with access to sovereign accounts should take over this job.

 

Its a nonsense that a private company can have this kind of power with zero accountability, they have become to big for anyone’s boots and need to be removed like any other parasite.