Moody’s downgrades handful of German bank credit ratings | Business | guardian.co.uk

June 6, 2012 By dralfoldman in Austerity, Euro Crisis, Neoliberal, ordoliberalism, People Tags: Angela Merkel, Credit rating, German, Germany, Guardian, Moody Leave a comment

Angela Merkel, chancellor of Germany.

Angela Merkel, chancellor of Germany. (Photo credit: Wikipedia)

This is an interesting story reported in the Guardian. Check it out!

Moody’s downgrades handful of German bank credit ratings | Business | guardian.co.uk.

Germany is now feeling the pain, as well.

It will be interesting to see if this helps to change the prevailing political views in Germany. I wonder how Chancellor Angela Merkel will respond?

UK Credit Rating: Fitch Downgrades Economic Outlook To ‘Negative’

March 14, 2012 By dralfoldman in Austerity, Coalition, David Cameron, Euro Crisis, Neoliberal, Politics Tags: Credit rating, Fitch Group, George Osborne, Standard & Poor Leave a comment

: Image via Wikipedia

This is an important announcement ahead of UK Chancellor George Osborne‘s Budget next Tuesday. Check it out!

UK Credit Rating: Fitch Downgrades Economic Outlook To ‘Negative’.

Treasury Secretary, Danny Alexander‘s comments did not fill me with encouragement.

Fitch downgrades credit ratings for 5 EU nations (sfgate.com)
Fitch downgrades several eurozone countries (cbsnews.com)
Fitch cuts ratings on 4 Spanish banks (seattletimes.nwsource.com)
Fitch raises Greece’s credit rating (business.financialpost.com)
The backlash to Credit Ratings Agencies gathers steam (liberalconspiracy.org)
Moody’s Puts UK Rating On Negative Outlook (news.sky.com)
Fitch downgrades 5 eurozone countries (cbc.ca)
Fitch Downgrades Ratings of Italy and Other Countries (nytimes.com)
Chancellor: ‘Can’t waver’ on cuts (bbc.co.uk)
Osborne hoisted by his own petard (newstatesman.com)

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