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warpengine's Updates (20)
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Moody’s Sees More European Downgrades.. See link article: http://www.bloomberg.com/news/2011-10-04/euro-area-nations-below-aaa-may-see-ratings-cut-moody-s-says.html [more]
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Article link: http://www.cftc.gov/PressRoom/PressReleases/pr6119-11 [more]
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From Italy I can say that chancellor Merkel and all Europe leaders including President Barroso have clearly state that nor Greece or any other Euro member will be allow to bare a default. It would lead to a Domino effect that will have disaster effects all over the world. Europe will not permit it, Greece will not default, but all around the world people are skeptical because they fear Greek people will not accept austerity measures and government will not be able to fit Europe requests in order to gain access to the full share of the money needed to save the country. In my opinion until the situation will continue to be uncertain than all economy will continue to soffer. [more]
