Saturday, January 14, 2012

S&P Downgraded Sovereign Credit Rating of 9 European Countries

Standard and Poor's on Friday, after warning the euro zone that it would downgraded several countries if they did not come to an agreement on the financial crisis and had a plan in place to save the euro zone from a possible recession, downgraded the sovereign credit ratings of nine countries including France and Austria.

Germany, due to it being the healthies economy in the euro zone, was not downgraded.

The following countries had the ratings dropped by one notch: Austria, France, Malta, Slovakia and Slovenia. Cyprus, Italy, Portugal and Spain dropped by two notches.

Belgium, Estonia, Finland, Germany, Ireland, Luxembourg and the Netherlands had their ratings affirmed and were removed for S&P CreditWatch list, where they were placed with "negative implications" in December.

1 comment:

  1. The age of liberal finance came to an end with the Friday January 9, 2011, S&P downgrade of nine European nations.

    Our times are best understood through the lens of bible prophecy. The Sovereign Lord God, Psalm 2:4-5, is acting to bring forth a revived Roman Empire, that is a German led Europe.

    At the appointed time, He will open the curtains, and out onto the world’s stage will step the most credible leader. This Little Horn, or Little Authority, Daniel 7:25, will work behind the scenes in regional framework agreements to change our times and laws to provide order out of the chaos from a soon coming credit breakdown and financial system collapse. The existing rule of law will be replaced by his word, will and way, Revelation 13:5-10, as the First Horseman of the Apocalypse, the rider on the white horse, who has a bow without any arrows, Revelation 6:1-2, is effecting a coup d etat in the Eurozone by transferring sovereign authority from nation states to sovereign leaders and bodies. In the supranational New Europe, national sovereignty will be seen as a relic of a bygone era. Europe’s Sovereign will have have EU wide sovereign authority. The people will be amazed by this, and place their faith and trust in him; they will give their allegiance to his diktat, Revelation 13:3-4.

    The Banker regime of Neoliberalism came via the Free To Choose floating currency script of Milton Friedman; but these are now sinking, causing global disinvestment out of stocks and deleveraging out of commodities. The natural result of destructionism is the rise of despotism.

    The Beast regime of Neoauthoritarianism, Revelation 13:1-4, is rising in its place. It comes via the 1974 Club of Rome’s Clarion Club for regional global governance. This monster of statism and collectivism is rising from the profligate Mediterranean countries of Italy and Greece. The Beast’s seven heads are rising to occupy in all mankind’s institutions, and its ten horns are rising to govern in all of the world’s ten regions. The Beast system is coming like a terminator that can't be bargained with. It can't be reasoned with. It doesn't feel pity, or remorse, or fear. And it absolutely will not stop, ever until mankind is totally dominated and subdued.