The credit assessment agencies that virtually determine global economic trends or at the very least have a great influence on the markets have downgraded Portugal and Greece's credit rating status to that of junk. They have also removed the AAA score France used to have meaning that it will be more expensive for the French government to borrow more money which in turns means that any further bailout for Italy or Spain will now become virtually impossible.
These unelected collective of people together with the other totally unaccountable individuals who control the 'markets' are pushing the world into a major more damaging recession. If the Euro goes down those who speculated on that will make big money. In the meantime Britain will suffer as more than 40% of our trade is conducted with the Euro zone countries. Who the beggar controls the world? Where is the democratic control and where is the regulation? We the people are meant to be in charge not the bloody bankers and the market speculators!
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