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Tuesday, June 08, 2010

JUST WHO DO THE EU AND CREDIT RATING AGENCIES THINK THEY ARE?

The three credit ratings agencies that were primarily responsible for rating junk as AAA were Fitch, Moodys and S&P, and as a consequence the world economy is going down, down, down after the banks were bailed out by governments with money that should have financed their executives and economies.

Now one of them, Fitch, is threatening to downgrade the UK credit rating if we don't implement more austerity than Italy, Spain and Portugal.
[source : Osborne unveils plan to slash deficit as Britain is told to cut faster or risk AAA credit rating, The Daily Mail, 8/6/2010]

And to top it all off, the EU is going to vet whatever budget Osborne proposes BEFORE our Parliament! This was agreed last night in a meeting chaired by Bilderberg Gollum van Rompuy.
[source : EU 'to vet British Budget before Parliament', The Daily Telegraph, 8/6/2010]

Just who do these people think they are?

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