Vessol
07-06-2011, 06:06 PM
This is hilarious. The EU is freaking the fuck out because the Portuguese debt was downgraded into "junk".
They're upset because their central planning and bailouts cannot work in the long run and the credit agencies are showing that. So then they call them an "oligarchy" and say they are "conducting madness".
Seriously, members of the EU have the balls to call international credit agencies an "oligarchy'? Maybe they should look in a mirror themselves.
http://www.bbc.co.uk/news/business-14043293
I'm starting to think that the EU will crumble before the US economically.
I love the smell of Keynesianism burning in the morning. Smells like..victory.
They're upset because their central planning and bailouts cannot work in the long run and the credit agencies are showing that. So then they call them an "oligarchy" and say they are "conducting madness".
Seriously, members of the EU have the balls to call international credit agencies an "oligarchy'? Maybe they should look in a mirror themselves.
http://www.bbc.co.uk/news/business-14043293
I'm starting to think that the EU will crumble before the US economically.
I love the smell of Keynesianism burning in the morning. Smells like..victory.