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Greece downgraded next to default level by Fitch

February 22, 2012 13:32

Fitch rating agency wasn’t impressed by the EU leaders’ decision to grant a second bailout for Greece.It downgraded the country to pre-default level.

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Comments (8) Sort by: Highest rating Oldest first Newest first

stfu Eurasian 23.02.2012 09:23

you are almost as bad as Atossa. 

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Eurasian 23.02.2012 05:42

Correction to my last post:Therefore the only right thing to do here is to write OFF those debts and not ON the backs of the people.

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Eurasian 23.02.2012 05:38

Phil (unregistered) wrote in #2
I agree with the comment about greedy bankers, but the Greek government were not forced to borrow the money, and the money being offered isn't going to Greece, its being sent into the banks to partly pay off the loans. The debt can never ever be paid off, its too big, Greece has no industry and 100,000 business's are dead. Its a fact of life, you borrow money and you pay back the loan with added interest, no need for a global revolution. Quite unneccessary ! _______________ ____________________ ____________________ _ @Phil, You are very wrong. Greece has been chosen for experiment by the UE/US top dogs financiers, and for a cover up for the rest. At the start Papandreou’s was extremely opposed to take loans, but shortly after was summoned by the EU´s elite and then Obama and forced to take loans. How in the US/UK etc capitalist country a company, small, big, huge, get’s out of such mess? By filing for bankruptcy and start anew, correct? A loan is called loan because has to be paid back, but you certainly do not get out of such situation by taking more loans to pay loans knowing well the growth is frozen - is exactly the trap of the ´credit culture´ not only deluded but also forced to play this false game. And as a last recourse the only thing Papandreou’s could do was to present it as a referendum to the people. Then he was immediately pushed to resign. But who are those people who play those games behind the scenes? The freemasons who control the EU and the U.S. @John is asking the right question here “What if the debt is false? Do we know what is the real debt?” - And indeed, we all now know most of those debts are toxic debts. Did the people falter for this mess or the banksters and politicians? So why the people have to suffer for their charlatanic deeds? Therefore the only right thing to do here is to write OFF those debts and ON the backs of the people. Look at Iceland; a referendum, and the people refused to pay for the banksters and politician’s charlatanic games - and now they are being sued in courts.

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all the pakistani Muslims need to take 23.02.2012 02:36

over greece.

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John (unregistered) 23.02.2012 02:24

So according to Phil, yes the Bankers have misbehaved and yes Greece has no more Industry and is dying. But tough, suck it up and pay people even if you're not directly to blame? What if the debt is false? Do we know what is the real debt?What if the people were out in this situation on purpose so they can be enslaved for the rest of their lives?(The politicians and Bank long gone) Ask yousrself this question: Is the country you live in in Debt? And if the Givernment asked you for $10k a year to pay it off, even if you have never even taken a cent from the Government, would you pay? Note nearly all countries have a big external Public Debt owed to whom?

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Light greece on fire 23.02.2012 02:09

it's a fascist organised ORthodox police state.

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Phil (unregistered) 22.02.2012 17:20

I agree with the comment about greedy bankers, but the Greek government were not forced to borrow the money, and the money being offered isn't going to Greece, its being sent into the banks to partly pay off the loans. The debt can never ever be paid off, its too big, Greece has no industry and 100,000 business's are dead. Its a fact of life, you borrow money and you pay back the loan with added interest, no need for a global revolution. Quite unneccessary !

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Eurasian 22.02.2012 14:14

The newly cleverly engineered game by the greedy financiers indebting countries for eternity; inject more loans and keep on degrading them to take more loans with higher interest rate repaying back. Actually never be able repay back - 21st century modern slavery. Only way out would be a global revolution.

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