After the downgrade warning from S&P, Europeans are licking their wounds.
In first reactions several government leaders whince that S&P do not recognize the latest French-German rescue plan for the eurozone. Which plan? I am diligently following news coverage and government cables around the clock, but haven't discovered any hint of a cunning plan, other then Sarkozy abandoning his past demand for eurobonds, caving in to the German chancellor (and to reason, for once).
It is the EU's familiar "Shoot-the-messenger syndrome":
The chieftain of a miniscule tribe in central Europe, JC Juncker from the Luxembourg theme park (490,000 visitors during opening hours), calls the credit rating warning "excessive and unjustified, as the eurozone is in the midst of sorting out its problems." And he added with a quip: "One must not take the rating agencies seriously, and not to give them more credibility than they deserve."
Oh really?? It may be inconvenient for the schemers of a European master-plan, but the threat of adding $2 Trillion more in debt and disguise that as a plan to "sort out the debt crisis" can only fly in the wonderful world of Oz, but will not convince anyone in the real world.
Where are the concerned demonstrators that burn down Brussels and other eurozone capitals, and hang their leaders, who fire-sell countries to the lasting detriment of future generations?
No comments:
Post a Comment