Fitch anticipates it will review ratings of six Euro zone states

Friday, January 20th 2012 - 08:03 UTC

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Fitch expects its ratings review of six Euro zone states will result in downgrades of one to two notches in most of those countries, senior director Ed Parker said at a Fitch conference in Madrid. Read full article

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ChrisR
Well, New Labour came into powerj ust after that headline. Wasted billions and billions of the surplus they inherited from the Conservatives and then continued spending on credit thereafter.

All spent on padding out the government so the new employees would vote for them thereafter (do turkeys vote for Christmas?).

That is the legacy of the NL years. We have now go to pay it back to get into the black.
Jan 20th, 2012 - 06:58 pm - Link - Report abuse 0
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