US loses AAA Rating

[nnuut]

Re: WTF does other countries health care have to do with S&P ratings?

Great. Maybe we can bully s&p into reneging.

We can only hope.

 

[burrocrat]

Re: WTF does other countries health care have to do with S&P ratings?

Great. Maybe we can bully s&p into reneging.

you can't say that anymore, it's almost as bad as saying teabag, eerrr.

 

[nnuut]

Re: WTF does other countries health care have to do with S&P ratings?

Now if Angela Merkel and France's President Nicolas Sarkozy can speak some good words?

High pressure on Sarkozy-Merkel euro zone talks

On Tuesday August 16, 2011, 7:46 am EDTBy Leigh Thomas and Yann Le Guernigou
PARIS (Reuters) - The leaders of France and Germany meet for high-pressure talks on Tuesday to discuss what further measures they can take to shore up investor confidence in the euro zone following a dramatic market sell-off last week.
President Nicolas Sarkozy and German Chancellor Angela Merkel are under pressure to show financial markets they are in agreement on doing more to shore up the embattled currency union -- or risk watching the euro zone unravel.
http://finance.yahoo.com/news/High-...66.html?x=0&sec=topStories&pos=2&asset=&ccode=

 

[nnuut]

Re: WTF does other countries health care have to do with S&P ratings?

Aug. 16, 2011, 2:48 p.m. EDT
Merkel, Sarkozy plan tax, can eurozone bond idea

Markets react with disappointment; euro, stocks drop
By Sue Chang, MarketWatch
SAN FRANCISCO (MarketWatch) — German Chancellor Angela Merkel and French President Nicolas Sarkozy on Tuesday pledged to bolster the governance of the eurozone and proposed a new euro-zone council as part of their commitment to defend the euro, according to media reports.
Th

e two heads of state proposed European Council President Herman van Rompuy to lead the new council for two and a half years. The group will meet at least twice a year and more if needed, the reports said.
Merkel and Sarkozy said they also plan to propose in September a tax on financial transactions and a new measure to require all 17 members of the euro zone to balance their public finances before summer of 2012, the Wall Street Journal said. Read more on Merkel and Sarkozy at WSJ.com
However, the leaders rejected issuing euro-zone bonds, noting that the bonds will not resolve Europe’s problems nor help to restore confidence. The idea of euro bonds had gained traction in the financial markets as a possible weapon to tackle the euro-zone debt woes.
The French president stressed “a complete unity of views” with Merkel over the two countries’ desire to support the euro and to assume certain responsibilities, Reuters said.

[more]
http://www.marketwatch.com/story/merkel-sarkozy-plan-tax-can-eurozone-bond-idea-2011-08-16

 

[James48843]

Re: Market Outlook