Originally Posted By: Warstud
Standard & Poor’s credit analysts said Saturday that Euro-zone policy makers have failed to address the “broadening and deepening” financial crisis the region now faces, leading the agency to issue long-term downgrades on nine countries, including Cyprus, Italy, Portugal, Spain, Austria, France, Malta, Slovakia and Slovenia.
Glad we have our own sovereign currency.
I still think we're in for a recession late 2012 going into 2013. Not that this has been a recovery. The labor force participation rate is at a 30 year low. Not good.
Standard & Poor’s credit analysts said Saturday that Euro-zone policy makers have failed to address the “broadening and deepening” financial crisis the region now faces, leading the agency to issue long-term downgrades on nine countries, including Cyprus, Italy, Portugal, Spain, Austria, France, Malta, Slovakia and Slovenia.
Glad we have our own sovereign currency.
I still think we're in for a recession late 2012 going into 2013. Not that this has been a recovery. The labor force participation rate is at a 30 year low. Not good.