ktlight
21st December 2011, 11:55
"Thousands of government workers reportedly are striking against austerity in Italy today. And Portugal gets the next installment of its bailout loan from the imf in exchange for good behavior on budget austerity. Mario Draghi is quoted in the Financial Times warning about a Eurozone breakup...downplaying expectations about the ECB's role...and warning struggling eurozone countries would face greater economic pain if they left the eurozone. But would they? And could these countries actually use their debt as a weapon against the technocrats and eurozone politicians?
Meanwhile, Draghi today also warned that the ECB is preparing for a downgrade of the bailout fund and of France's triple A (AAA) credit rating...but how much stock should we really put in what the rating agencies have to say? Well, we will speak to blogger and investment advisor for Sitka Pacific Capital, Mike "Mish" Shedlock to find out!"
AOOSkpRuMbA
Meanwhile, Draghi today also warned that the ECB is preparing for a downgrade of the bailout fund and of France's triple A (AAA) credit rating...but how much stock should we really put in what the rating agencies have to say? Well, we will speak to blogger and investment advisor for Sitka Pacific Capital, Mike "Mish" Shedlock to find out!"
AOOSkpRuMbA