Ο Πόρτα – Πόρτα …υποβαθμίζει την Ευρωπαική ένωση!

Here’s the press release on why S&P changed the EU’s long-term outlook to negative:—

On Dec. 5, 2011, Standard & Poor’s placed the ratings on 15 of the 17 member states of the European Monetary and Economic Union (EMU or eurozone) governments on CreditWatch with negative implications. As a result, the ratings on 17 European Union (EU) member states are now on CreditWatch with negative implications.We are therefore also placing the ‘AAA’ long-term rating on the EU on CreditWatch negative. At the same time, we are affirming the ‘A-1+’ short-term rating on the EU.The CreditWatch placement on the eurozone member states was prompted by our concerns about the potential impact on these member states of what we view as deepening political, financial, and monetary problems within the eurozone.Eurozone members directly contribute approximately 62% of the EU’s total 2011 budgeted revenues. Our CreditWatch review will focus on the financial ability of eurozone member states to support the EU’s debt service should the institution face a period of financial distress.We expect to conclude our review as soon as possible after the European summit on Dec. 9, 2011. Depending on the outcome of our review of the ratings on eurozone member governments, we could lower the long-term rating on the EU by one notch, if any.

LONDON (Standard & Poor’s) Dec. 7, 2011–Standard & Poor’s Ratings Services
today placed its ‘AAA’ long-term issuer credit rating on the European Union
(EU) on CreditWatch with negative implications. At the same time, we affirmed
the ‘A-1+’ short-term issuer credit rating on the EU.

S&P is also putting BNP Paribas, Commerzbank, Societe Generale, Credit Agricole, Deutsche Bank, and many other European banks on “creditwatch negative.”

ΠΠ

Filed under: ΕΠΙΚΑΙΡΟΤΗΤΑ