>Yep! They were late in the proper assessment then and now. Greece, Portugal & Spain have no chance of escaping their debt burdens without a Euro-wide bailout which will drag down the whole block, massive taxation which will cripple their economies, massive spending cuts which will enrage the free-riding populace and cripple their infrastructure through protest and/or general strike, or outright default which will destroy the Euro as a globally acceptable currency. These downgrades should've occurred long ago. I applaud S&P and Moody's for finally moving a step towards the truth of the situation.


ROFL

California BIM BAM


btw bailing out Greece is small potatoes...