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Moody’s cuts UK credit rating to Aa1 from AAA, first time since 1978

Saturday, February 23rd 2013 - 06:19 UTC
Full article 51 comments

Moody's Investors Service on Friday cut the United Kingdom's credit rating to Aa1 from AAA for the first time since 1978, citing weakness in the nation's medium-term growth outlook that it now expects to extend for a number of years. Read full article

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  • Think

    TWIMC

    How strange……
    An article about a European Queendom’s economy being down rated by a moody American Company…..
    And.....
    An article about an old Malvinas ship, cruising from America to Ireland with Canadian rats as only passengers…….

    Yet not a single word about the III Africa-South America (ASA) Summit, just ended in Malabo, Equatorial Guinea.....

    On this III Summit, attended by many South-American and African presidents, it was decided to integrate Central America & the Caribbean to the organization…..

    And, I nearly forgot,……..:
    The 54 member Countries of the African Union decided, in unison, to recognize “Argentina’s legitimate sovereignty rights over the Malvinas, Georgias & Sandwich del Sur Islands, including all the adjacent maritime territories”
    http://www.pagina12.com.ar/diario/elpais/1-214476-2013-02-23.html

    This would never happen in a serious South-Atlantic News Agency….
    Chuckle chuckle©

    Feb 23rd, 2013 - 07:19 am - Link - Report abuse 0
  • Lou Spoo

    @2

    “54 member Countries of the African Union decided, in unison, to recognize “Argentina’s legitimate sovereignty rights”

    Except they haven't!

    The ASA summit doesn't end until today and as yet no joint declaration has been approved.

    Feb 23rd, 2013 - 07:46 am - Link - Report abuse 0
  • Shed-time

    @2 they'll make some joint declaration... nothing will change.

    End of.

    Feb 23rd, 2013 - 07:55 am - Link - Report abuse 0
  • ElaineB

    This downgrading was inevitable, as I mentioned in posts before. It won't make much difference and the credit rating is enviable to most countries but it does signify that the tough times are far from over.

    Feb 23rd, 2013 - 08:58 am - Link - Report abuse 0
  • Anglotino

    Mmmmm how strange!

    Nothing in this article an Africa-South America summit.
    Nothing in this article about the African Union.
    Nothing in this article about “an old Malvinas ship”.

    What was in the article?
    The UK had a ratings downgrade by a ratings agency..... sound familiar to anyone?

    No wonder Think was so quick to comment.

    Recent Argentine downgrades:
    Nov 2012 - Fitch - 3 notches to CC
    Oct 2012 - Standards and Poor - 1 notch to B-

    And if Moody's uses the word 'negative' much more for Argentina it might have to pay a licensing fee.

    So Argentina gets a FAIL for economic management. Nothing if not consistent.

    And Think; FAIL. You too are very consistent. Keep it up!

    Damn! I still can't bring myself to chuckle at people exhibiting such gross mental retardation.

    Oh btw UK time to strip back the nanny and welfare state. It's verging on the ridiculous.

    Feb 23rd, 2013 - 09:14 am - Link - Report abuse 0
  • Clyde15

    Oh well, I will have to stop eating beluga caviar and substitute lumpfish instead. Such are the trials of life.

    Feb 23rd, 2013 - 09:53 am - Link - Report abuse 0
  • Orbit

    @5 - check out Moody's country page for Argentina. All I can say is I'm glad they had this new fangled web thingy to publish their research on. If it was old fashioned typesetting they would have run out of the letters 'n', 'e', 'g', 'a', 't', 'i' and 'v'.

    Feb 23rd, 2013 - 10:17 am - Link - Report abuse 0
  • windy

    well you can't borrow U$S20 billion a month for ever and expect to keep a AAA rating. I have said many times on these coment pages that people in glass houses should not throw stones. Welcome to economic reality.

    Feb 23rd, 2013 - 10:37 am - Link - Report abuse 0
  • ChrisR

    8 windy

    Yes, you say lot's of things on here. I have never seen anything you post that could remotely considered reality.

    Why don't you go back to the shit-hole you live in together with nozzy, dunny-burger and the rest of the morons.

    Feb 23rd, 2013 - 11:30 am - Link - Report abuse 0
  • DanyBerger

    Ha ha ha

    Did not I tell you idiots that UK is going slowly to the drains?

    Financial Armageddon process had started borrowing cost for UK will increase and increase and the idiots will start with the old formula of “to convince the market” that the can pay.

    Well the market already know that UK cannot pay and they will ask for more austerity measures to secure cash flow to their accounts until the last drop of blood is sucked.

    Then as usual they will provide a good restructuring debt plan (for them of course) where all remain British assets will be bought as cheap as possible and in exchange UK will get more debt.

    @ ElaineB

    I like this paragraph as a sample of huge ignorance...
    “It won't make much difference and the credit rating is enviable to most countries but it does signify that the tough times are far from over.”

    UK tough times have not even started yet.
    UK, as always happen in this situations, will suffer several years to come of more cuts, recessions and will end like Iceland if keep going like this.

    Feb 23rd, 2013 - 11:46 am - Link - Report abuse 0
  • Forgetit86

    Muahahaha! :-)

    Feb 23rd, 2013 - 11:55 am - Link - Report abuse 0
  • ElaineB

    @10 Yes, in part true but it will never be in the economic pit equivalent to Argentina. You are talking worlds apart. You are way off with your analogy of Iceland.

    The reason for the long overdue downgrade was that the measures the government are taking are too slow to take effect and growth is flatlined. It hardly effected the markets and will not effect the ability to borrow at rates CFKC would salivate over. In short, it was a warning to speed up a little.

    @5 Yes, cuts in welfare are gradually being undertaken but it is a slow and difficult process. Too quickly would send too many people into immediate poverty and no civilised country wants that. It is more a case of weaning people off the state. It is a fine line to walk in a country that wants to take care of the disadvantaged but can no longer tolerate the people abusing the system.

    Feb 23rd, 2013 - 12:02 pm - Link - Report abuse 0
  • The Chilean perspective

    @ think....
    Wow those news totally blew me away, I was convinced Timerman was useless but he really puled off a coup here. He now has all Latin American, Caribbean, (CELAC) and African countries signed up. Looks like the Brits either don't care (and I can see why, militarily the Argies are no threat) or their foreign affairs office was asleep at the wheel. It certainly is not a good look when so many countries are against you on an issue like sovereignty. The “Declaración de Malabo” was a real coup.......Maybe like an apprentice Tierman is learning on the job. Look out Brits he may be coming to the EU next.

    Feb 23rd, 2013 - 12:41 pm - Link - Report abuse 0
  • CaptainSilver

    #13 Why should we care? We don't care what anyone thinks, not Europe, the US or anyone. When Timerman convinces the Falkland Islanders they should welcome Argentina he will be getting somewhere. Until then Argentina remains stuffed. The Falkland Islanders will decide, its called self determination. Timerman is afraid to go to the IJC because Argentina has no valid claim despite all the lying propaganda. If countries could claim territory purely on the basis of being somewhat 'close' to somewhere else the whole world would dissolve into chaos.

    Its all vapourware...

    Feb 23rd, 2013 - 01:06 pm - Link - Report abuse 0
  • Conqueror

    @1

    How strange........

    An argie wanker making it up as it goes along. Nothing new there!

    ASA's “Summit” declarations have always been very careful to “insist” on compliance with the UN Charter. Something that latam “declarations” never do as that would destroy argieland's “claims” in a second!
    @10 I feel quite sorry for you. It must be difficult to be so brainless. Where do you keep the note that reminds you which hand to use to wipe your arse? To help you make a comparison Moodys rates argieland as B3, S&P rates it as B- and Fitch rates it as CC. To put these ratings into context, B3 means “highly speculative”. B- means “highly speculative”. CC means “substantial risks”, “extremely speculative” and “in default with little prospect for recovery”. Good, eh? As a matter of interest, argieland's rating is 14 grades BELOW that of the UK. I think you can safely assume that argieland has already passed through the drains and is in the sewage works.
    @13 He's been to Europe. Still looked like and acted like an arse.

    Feb 23rd, 2013 - 01:08 pm - Link - Report abuse 0
  • andy65

    @ThinkYouStink

    Please read the article properly, The ship is not a Falkland Island ship but a Russian ship that happened to call at The Falkland Islands

    Saturday, February 23rd 2013 - 06:22 UTC
    Russian cruise, once frequent Falklands visitor, adrift in the North Atlantic

    Feb 23rd, 2013 - 01:13 pm - Link - Report abuse 0
  • DanyBerger

    @ ElaineB

    1-“Yes, in part true but it will never be in the economic pit equivalent to Argentina”

    Britain in the ’80 and ’90 was quite similar to Argentina 2001 (in terms of poverty) when got Black Wednesday just a minor incident compared with what is going to be financial Armageddon this time in UK was pretty tough for Britons in UK.

    All street of London full of people asking for money, homeless, people committing suicide because couldn’t afford to pay their debt, middle class families ended up in the streets, etc, etc.
    http://en.wikipedia.org/wiki/Black_Wednesday

    Have you ever heard about cardboard city in London?
    http://en.wikipedia.org/wiki/Black_Wednesday
    http://en.wikipedia.org/wiki/Black_Wednesday

    So please Elaine seems you are not from Britain because you are not aware of how bad the situation is in UK.

    http://en.wikipedia.org/wiki/Black_Wednesday

    2-Your comparison with Argentina is at least hilarious because Argentina is a rich country and can survive by it own means. And as you sure know Argentina is out of the borrowing market since 2001 so she can send to hell the entire international financial system and still doing pretty well.

    But fore UK that will be death and you will not even be able to afford to import basic food like Iceland when collapsed.

    My analogy with Iceland is not mine otherwise was made by financial speculators like Jim Rogers and George Soros.

    Who said that UK is like Iceland but with more problems and a bigger baking system.

    Feb 23rd, 2013 - 01:43 pm - Link - Report abuse 0
  • andy65

    Dear DannyHorseBerger you really do talk the biggest load of shit,perhaps you should stop suckling from the titties of SS Kirchner her milk is affecting your brain you fool

    Feb 23rd, 2013 - 01:49 pm - Link - Report abuse 0
  • ElaineB

    @17 Now you have just made yourself look really silly. I thought for one nanosecond we might have a discussion but you have once again demonstrated you have NO IDEA.

    I live in the UK and travel for work in the Americas. I have lived in Argentina and you are talking bullshit. You know it but if you get a little thrill out of demonstrating your narrow-minded ignorance, live it up.

    Feb 23rd, 2013 - 02:16 pm - Link - Report abuse 0
  • CaptainSilver

    Dany, come to Britain, see with your own eyes, you are talking absolute
    tripe.
    UK credit rating AA1 Argentina B3. = basketcase :o)
    UK median income $41000 Argentina $9000
    1/4 Argentinean population live on $7 a day!

    We don't have carteneros
    We don't have villa miserias
    We can walk about unmolested after dark
    We don't need steel grilles on our windows and doors

    We don't have the Mafia
    Our politicians and police are not totally corrupt
    Our infrastructure isn't collapsing
    Our Navy still floats
    Our news media are respected for accuracy all over the world
    Our language is the international language

    No one wants the Falkland Islands to become a colonialist cesspit like Argentina

    If you want to quote fairy stories try Harry Potter

    Feb 23rd, 2013 - 03:04 pm - Link - Report abuse 0
  • Marcos Alejandro

    Will the Scottish voters decide to abandon the sinking ship of GB plc in the 2014 vote on independence?

    More good news for Argentina I see @1
    ”The 54 member Countries of the African Union decided, in unison, to recognize “Argentina’s legitimate sovereignty rights over the Malvinas, Georgias & Sandwich del Sur Islands, including all the adjacent maritime territories”

    Feb 23rd, 2013 - 03:20 pm - Link - Report abuse 0
  • Tobers

    Dany Berger you seem to be living to see the UK fail rather than enjoying your life and really making a difference in your own country. A sad way to be, always worrying what others are doing when massive problems exist in your own country. But then its always easier criticising others than oneself.

    Concentrate on yourself Dany and pull yourself up regardless of what others are doing and don't ever forget how lucky Argentina is to have all it has. The locals got lucky because they fought overstretched imperial powers so they didnt have to send their gold and taxes to Europe, and ended up with their vast colonial lands. You should be more grateful for what you've got.

    Feb 23rd, 2013 - 03:29 pm - Link - Report abuse 0
  • CaptainSilver

    More Fairy Stories # 21 suggest you read The Hobbit. You will see a character Gollum in there, Timerman bears a striking resemblance.

    If the Scots choose independence that is entirely their decision. Just like its entirely the Falkland Islanders decision to maintain their British connection via a free vote in the referendum Argentina fears so much. Isn't it strange that they are just a few hundred miles from your so called land of milk and honey and that they reject it.

    You have a fantastic land with the Sierra Nevada, the Pyrenees and the Picos de Europa, and then there is those Mediterranean beaches the great cities like Rome and Madrid, why don't you go back there and give the land you stole back to the survivors of the Indians you murdered? :o))))) tontopollas!

    Feb 23rd, 2013 - 04:12 pm - Link - Report abuse 0
  • DanyBerger

    @andy65 & ElaineB

    If you really are living in UK you should know that Britain is facing it worse financial scenario since WWII.

    Should I have to tell you how bad was the situation in Britain after her default in 1932?

    So how can you deny that? You have never heard of the recession in the 80 and 90 in UK?

    More than 10 trillions US dollars is the debt of Britain (internal or public debt plus external debt) do you know what that means? I guess you don’t.

    Argentina 2001 will be a joke compared to what would be the financial disaster in UK. Capital will fly away like birds, unemployment will rise to historic record levels, business will collapse one after another and consumption will plunge as stone into water.

    Ok you can say that cannot happen but you were telling over and over that UK will never lose its AAA rating do you remember?

    Well seems I know more than you guys about the subject and you already lost it.
    I also told you that in the end of 2012 UK will start with financial problems again and I was right.

    The following necon’s policy like CaMoron is doing, what is nothing new an old recipe that always provides the same result and make things even worse.

    @ CaptainSilver

    And how do you call this? UK’s Luxury mansions?

    http://www.youtube.com/watch?v=hHZf7nHM9gI
    http://www.youtube.com/watch?v=hHZf7nHM9gI
    http://www.youtube.com/watch?v=hHZf7nHM9gI
    http://www.youtube.com/watch?v=hHZf7nHM9gI

    @ Tobers

    Dear boy your arrogant idiots politicians and most Britons are the first to criticise and lecturing everybody in this world but you cannot see your own misery at home. If that is good for you how cannot be good for me?

    Well I’m German and Argentina where I live now is just fine compared with some pig countries including Britain and my country of birth has still AAA and still and army and yours?

    What happen don’t you like that others criticise your country as you normally do to others?

    Feb 23rd, 2013 - 06:23 pm - Link - Report abuse 0
  • CaptainSilver

    The effect is only negligible because we were one of the very few countries left with a AAA/Aaa rating though - also Moody's are clear that they've put the country on stable outlook because of the coalitions political will to stick to their plans - that a relaxation of those plans would see further downgrade. So there will be no negative effect as markets perceive the UK to be doing the right thing and believe that they will stick to their plan.

    It's very doubtful that less austerity would have made any meaningful difference to growth and ultimately the main purpose of growth is to generate employment which has been generated despite the weak reported growth figures. Also actually in the medium term UK potential GDP is likely rising as a result of what they are doing.

    Feb 23rd, 2013 - 06:42 pm - Link - Report abuse 0
  • briton

    We knew you Argies would relish at this,
    But on the other hand,
    Considering the world has problems,
    And even with an AA1 rating,
    Is this not better than you’re minus 2.

    Jealousy and envy, old chaps
    Jealousy and envy.lol.

    .

    Feb 23rd, 2013 - 07:19 pm - Link - Report abuse 0
  • Ayayay

    Meanwhile Singapore, South Korea and the Scandinavian countries are roaring along, AND they have AAAs.
    London's a majority cultural minority city now, you can't expect them to have the same financial experience.

    Feb 23rd, 2013 - 07:26 pm - Link - Report abuse 0
  • Think

    (13) The Chilean perspective

    You say....:
    ”Wow those news totally blew me away, I was convinced Timerman was useless but he really pulled off a coup here. He now has all Latin American, Caribbean, (CELAC) and African countries signed up.........“

    I say....:
    Just lip-service from the ”Brothers”, bro.......... Just lip-service.......
    You Anglos and Shilanglos may continue in your confortable numbness...

    Feb 23rd, 2013 - 07:26 pm - Link - Report abuse 0
  • Conqueror

    @17 Funny. Still own my fully paid-for house. Still driving my fully paid-for BMW 5 series. Which one of my 5 fully paid-for computers shall I use today? The one in the “office”? The one in my main bedroom? The one in the lounge? The laptop? Or the spare (available for use by guests)? I have 2 fully paid-for fridge-freezers and a fully paid-for freezer. Which one shall I look in to select today's food? I've been cutting back. Only 3 tvs now, including the 54 inch plasma. But times are tough. Only 7 DVD players now!
    @21 Hoist on your own propaganda! Hahahahahahahahahahahahaha!!!
    @24 Oh, lovely. Thank you so much. Still a kraut, still arrogant, still crowing about your “army”. German army = 66,356 personnel. British army = 138,500 plus 95,800 regular reserves. In case you have trouble with the arithmetic, that's 234,300 personnel. That makes the German army around 28% the size of the British army. In case, you're wondering the Luftwaffe is half the size of the RAF. The German “navy” is equally bereft! Incidentally, parts of Britain's army and air force are still occupying Germany. Is that why you ran away? Don't be concerned. We'll be occupying argieland soon!

    Shall I remind you of some history? Avro Lancaster, Vickers Wellington, Avro Manchester, Handley Page Halifax, Short Stirling, De Havilland Mosquito, Hawker Hurricane, Supermarine Spitfire, Gloster Meteor. Didn't they bomb Germany into submission and shoot the Luftwaffe out of the sky? And then, didn't we go on to destroy most of the argies' aircraft? And 10,000 of our troops got over 12,000 of “yours” to surrender. Just gone from one loser state to another, haven't you?

    Feb 23rd, 2013 - 07:57 pm - Link - Report abuse 0
  • CaptainSilver

    Thought I smelled something rancid, its Stink.. It's really amusing that all the Argie trolls have actually deserted the sinking ship, except from the Nazis that is, its the only place that welcomes them.
    London is full of young Spaniards now, working as shop assistants, waiters, anything that pays a wage. With 50% youth unemployment at home they are making homes here in Britain and they love it. A free cultured country where the youngsters can get a start, buy their own homes and feel safe. Poles, lithuanians, French, Germans working in our world beating financial services sector, Engineers from Asia working in our aerospace and scientific sectors, and our car industry with record exports, everyone wants Range Rovers, Jaguars, Rolls, Bentleys, Aston Martins and our defence sector second biggest exports of armaments in the world. Something to be proud of and keeping us and the Falklands secure from creeps.

    Feb 23rd, 2013 - 08:08 pm - Link - Report abuse 0
  • ElaineB

    @24

    “If you really are living in UK”

    What is the matter with you? Where do you think I live?

    “Ok you can say that cannot happen but you were telling over and over that UK will never lose its AAA rating do you remember?”

    No, because I said a number of times on here that the UK would lose its AAA rating. The only surprise is that it took so long to happen. It was on the cards a year ago.

    Why are you rabbiting on about 1932? You are a very confused person. The scenarios are quite different.

    Feb 23rd, 2013 - 08:31 pm - Link - Report abuse 0
  • briton

    The document DOES NOT SAY ”54 African countries joined ”South America to
    Tell the west to stuff its aid,
    We don’t want the aid anymore,

    Perhaps Brazil and Argentina will now support Africa and give billions and billions in aid.
    Perhaps Brazil and Argentina will send its very own brave troops to Africa to defend them,
    Perhaps Brazil and Argentina will supply its air forces to defend and protect them.

    There are words, and there are more words,
    But no action, thus equals Africa will pay lip service only,
    And that’s without the lip stick, lol.

    Money speaks louder than words,
    Words speak louder than action
    And no action man means no help.
    Still
    You still have the Barbie doll...
    lol

    justa cheeky thoughty.

    Feb 23rd, 2013 - 08:55 pm - Link - Report abuse 0
  • CaptainSilver

    More corruption uncovered in Argie homeland, better go home and sort it out: http://www.bbc.co.uk/news/world-europe-21538593

    Mafia, theiving politicians, corrupt police, disintegrating railways, sinking navy, ramshackle airforce, you couldn't make it up. Time to pack up and go home to Spain and Italy where you belong. Nazis going back a bit dodgy though better scuttle off to some friendly safe African refuge like Equitorial Guinea!

    Feb 23rd, 2013 - 10:10 pm - Link - Report abuse 0
  • The Chilean perspective

    @ 28 Think......
    Just lip service you say.. well you're right but you have to diplomatically walk before you can diplomatically run.
    This is the first time you Argentines have assembled together such a large number of countries to back you up. Keep in mind the UN is changing and more and more of these supporters will get into the UN security council.
    Also keep in mind that ONE day (this is a LONG game after all) your countrymen may elect a competent government which theoretically could turn your dogs breakfast of a country into a world power. Yes this could happen. In fact long ago you were the 7th richest economy. So lets add this up......
    In 30 or 40 yrs from now you COULD be a world power with the support of a majority of governments on the Falklands issue, with a powerfull and proffesional military. It could happen, but wait there's more.........
    The US and the Eurozone by then could have been decimated by their inability to reign in spending and balance their budgets, there could have been a colapse in their Fiat currencies and Russia (a supporter) could be the new super power in Europe also China (another supporter) could be the dominating world super power. Sounds too far fetched.... Well yes but genetically modified pigs could fly, right?
    Anyway the right thing to do is to let those who live there decide. Nice and simple.

    Feb 23rd, 2013 - 10:22 pm - Link - Report abuse 0
  • toooldtodieyoung

    HA, ha, ha!!!!!

    Final proof, if any were needed that this conservative government is unfit for power!!!

    One of the election pledges was this government was the only one able to pull us out of the financial mess that was left to us by Labour....

    Well the words :- “a” , “Brewery” , “Pissup” , “Organise” , “Can't” spring immediately to mind. I hope that everyone to voted for this government chokes on their voting form.

    What is this? do they meet in the members bar at lunch time and place bets on who can run this country into the ground the quickest? There MUST be something like that going on, There MUST be... Two governments... Two complete, twin berth, sea going c**k ups!!!

    If Camer-moron and Osbourne were CEO's of a company they would have been removed from their posts by now for criminal incompetance. there is no other word for it. They seem to forget, in their efforts to ruin this country, that this is not some play-ground game, this is not to be treated like a game of monopoly. The decisions that they make impact on peoples lives.

    Their policies are laughable, their promices mean nothing, it would not suprise me if the next thing to taken away from us is the word “Great” out of “Great Britian”.....

    So, well done Mr Cameron, Mr Osbourne, you must all be proud of the job you are doing, I hope you die screaming with sharp things in you, you piles of week old cow s**t.

    f**k you

    Lots of love

    The UK

    Feb 24th, 2013 - 12:05 am - Link - Report abuse 0
  • _INTROLLREGNVM_

    Comment removed by the editor.

    Feb 24th, 2013 - 01:49 am - Link - Report abuse 0
  • Fido Dido

    :D, and this is just the begin. More austerity for you ugly people with bad teeth there. Keep paying attention to the so called falklands, that place you won't ever visit, and remeber, Osborne, camoron, that canadian clown mark carnaval and the rest of the gang, they love you.

    Feb 24th, 2013 - 03:09 am - Link - Report abuse 0
  • Think

    To: Mr. Mc.Dod & Mr. The Chilean Perspective….

    Well……….
    Here it is………

    The Official Transcription of the Malabo Declaration (2013)...:

    We, Heads of State and Government of Africa and South America, meeting at our Third Africa-South America Summit (ASA) in Malabo, Equatorial Guinea from 20-22 February 2013;……………..

    26. We recognize the legitimate rights of the Argentine Republic in the sovereignty dispute over the Malvinas Islands, South Georgias and South Sandwich Islands, and the surrounding maritime areas, and urge the United Kingdom of Great Britain and Northern Ireland to resume negotiations with the Argentine Republic in order to find, as soon as possible, a fair, peaceful and definitive solution to the dispute, in accordance with the relevant resolutions of the United Nations and other regional and international organizations.

    Point 28 makes good reading too…..:
    ”28. We reaffirm that the Chagos Archipelago, including Diego Garcia, which was unlawfully excised by the former colonial power……..”

    As does Point 29….:
    ”29. We reaffirm that the Comorian Island of Mayotte, which was unlawfully excised by the former French colonial power…….”

    http://www.itamaraty.gov.br/sala-de-imprensa/notas-a-imprensa/iii-cupula-de-chefes-de-estado-e-de-governo-america-do-sul-africa-asa-declaracao-de-malabo

    Hope that the Brazilian Foreign Office / Itamaraty), is reliable enough for you, my respected ideological web foes….

    Feb 24th, 2013 - 08:55 am - Link - Report abuse 0
  • Clyde15

    Well, I think we will have to applaud Argentina's show of altruism. It is about time a major S.A. player got involved in Africa. Europe, (including Britain) should bow out and leave it to Argentina to show the “dark continent” how to organise itself with their shining example of political fairness and success.
    They can take over food aid and supply billions to these African governments. Supply expertise , military equipment and advisers as did Cuba. There would be no need for any Africans to risk their lives trying to get to Europe for a better life.
    The answer has been given by Argentina - come to us and welcome.
    Just as the USA, in the 19/20th century was asking for the “poor huddled masses” to start a new life on their shores, Argentina could take over the baton and create a Golden Age of prosperity for all..
    In other words, in Victorian parlance, take up the white man's burden.
    Well done and thought out by the saviours of mankind the Blessed Christina and Saint Timerman.

    Feb 24th, 2013 - 10:20 am - Link - Report abuse 0
  • Anglotino

    Aaah finally it's here! Thanks to Think and his inordinate ability to ignore all the failings of his country as it comes crashing down around his ears. He clamours for any minor perceived victory.

    Alas.....

    I especially loved this part:
    “26. We recognize the legitimate rights of the Argentine Republic in the sovereignty dispute over the Malvinas Islands, South Georgias and South Sandwich Islands, and the surrounding maritime areas, and urge the United Kingdom of Great Britain and Northern Ireland to resume negotiations with the Argentine Republic in order to find, as soon as possible, a fair, peaceful and definitive solution to the dispute, in accordance with the relevant resolutions of the United Nations and other regional and international organizations.”

    It is absolutely perfect. This is exactly what I think too. Indeed it is what most countries think.

    “We recognize the legitimate rights of the Argentine Republic in the sovereignty dispute over the Malvinas Islands, South Georgias and South Sandwich Islands, and the surrounding maritime areas”

    Emphasis on the LEGITIMATE RIGHTS. If they aren't legitimate then there are no rights. So that rules out...... well all those areas.

    Tick for the United Kingdom.

    They “urge the United Kingdom of Great Britain and Northern Ireland to resume negotiations with the Argentine Republic in order to find, as soon as possible, a fair, peaceful and definitive solution to the dispute”

    Last time I checked it was Argentina that would not meet to discuss this issue. The UK has always been peaceful about this issue.

    Another tick for the United Kingdom.

    “in accordance with the relevant resolutions of the United Nations”
    Well as all UN resolutions are subordinate to the UN Charter, then all these countries just reaffirmed self-determination as set out in Chapter 1, Article 1, Part 2.

    Another tick for the United Kingdom.

    Actually there doesn't seem to be anything new here.... so why are so many Argentines so excited?

    Feb 24th, 2013 - 10:30 am - Link - Report abuse 0
  • Santa Fe

    Yep deffo sinking ship, only Canada and Germany hold AAA so my maths tells me that the rest of the world must be below that. Maybe it's time to pump some of our £10 billion foreign aid yearly budget into some nice new corvettes.

    and yes the Scott's iam sure will abandon this sinking ship which pays in more money to the Scottish economy than we receive in tax...but it's up to them ...self determination as Mr Moon at the UN says....

    Feb 24th, 2013 - 11:52 am - Link - Report abuse 0
  • Anglotino

    Santa Fe

    I couldn't understand all yourmeandering thoughts above but more than just Canada and Germany still have a AAA rating.

    Feb 24th, 2013 - 12:49 pm - Link - Report abuse 0
  • Musky

    @37 fido
    Britain's ratings drop is bad but better to be near the top than up shit street without a shovel like your country. You bought a shovel with other people's money, promised to pay it back and the reneged.

    Beauty is in the eye of the beholder.

    Feb 24th, 2013 - 07:02 pm - Link - Report abuse 0
  • briton

    As we said, lip service only,
    Now then,
    If the British bowed to African demands and meekly gave the Falklands and everything else back just because the mighty Africa demanded,
    Then and only then would the unmighty CFK have that elusive victory,

    But alas,
    This time next year the Falklands will still be British,
    Argentina will still be ruled by someone,
    And Africa will still hold out the begging bowl,

    Nothing changes ..

    anyone wish to wage a flutter
    mmm

    Feb 24th, 2013 - 07:15 pm - Link - Report abuse 0
  • Malvinero1

    No surprise..uk is FINISHED!
    2013 Will Be a Disaster .
    http://www.youtube.com/watch?v=U6ZJxDbFWzY

    http://www.youtube.com/watch?v=U6ZJxDbFWzY

    Feb 24th, 2013 - 09:23 pm - Link - Report abuse 0
  • Clyde15

    #45
    You may be correct BUT as you will be in disaster mode a L-O-N-G time before us -if at all -you can let us know how it feels.
    By the way, the Falklands will still be there having a quiet chuckle at your predicament.

    Feb 24th, 2013 - 10:17 pm - Link - Report abuse 0
  • CaptainSilver

    #45 UK is not finished with Argentina yet. You are right 2013 will be a disaster for Argentina. Already your loans have been cut off by USA and UK. You are seen as a pariah state for cosying up to Iran, Castro and Chavez. The Peso is sinking, inflation is rocketing, strikes will cripple your country and KFC will fall. You will realise in a few days that you will never ever get your hands on our Falkland Islands and you will scream, weep and whinge as only Argentineans can

    Feb 24th, 2013 - 10:29 pm - Link - Report abuse 0
  • Musky

    @47 malverino
    There will be wailing and gnashing of teeth... But not in the uk.

    Feb 24th, 2013 - 11:23 pm - Link - Report abuse 0
  • ChrisR

    @45 Malvi The Twat

    Mmmm. So what would YOU do when a Trident and two or three T45s turn up off your coast after TMBOA is stupid enough to TRY another invasion?

    Let me tell you shall I?

    1) shit yourself;

    2) cry 'I'm going to die';

    3) blame TMBOA because it wasn't your fault;

    4) what you will not do is go and fight for your country, will you?

    Malvanistas and shit: nothing to pick between them.

    Feb 25th, 2013 - 10:36 am - Link - Report abuse 0
  • Condorito

    The FTSE is up and GBP is trading in the same range as prior to the Moody downgrade.

    The markets had factored this in long ago.

    UK: you have got to get the non-existent poverty out of the debate and butcher the nanny state.

    Feb 25th, 2013 - 02:13 pm - Link - Report abuse 0
  • Pirate Love

    Be concerned if you spiral to argentinas rating :))

    SELF-DETERMINATION!

    Feb 25th, 2013 - 02:33 pm - Link - Report abuse 0

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