"there is no such thing as eu governments ignoring the ratings agencies if they want/need to borrow" They can change the status of the European Bank and make it equivalent to the Fed US Bank. It is a political decision.
Re: The continuing battle against the inevitable Euro area default
"there is no such thing as eu governments ignoring the ratings agencies if they want/need to borrow" They can change the status of the European Bank and make it equivalent to the Fed US Bank. It is a political decision.
Those who can make you believe absurdities can make you commit atrocities. Voltaire.
"I've been in few famous last stands, lad, and they're butcher shops. That's what Blouse's leading you into, mark my words. What'll you lot do then? We've had a few scuffles, but that's not war. Think you'll be man enough to stand, when the metal meets the meat?"
"You did, sarge", said Polly." You said you were in few last stands."
"Yeah, lad. But I was holding the metal"
Sergeant Major Jackrum 10th Light Foot Infantery Regiment "Inns-and-Out"
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