Government Bonds

[Cooheed]

As Greece has it's IOU status lowered to 'Junk', who is next in the grand scheme of things..?

http://news.bbc.co.uk/1/hi/business/8647441.stm

 

[Scaley brat]

As Greece has it's IOU status lowered to 'Junk', who is next in the grand scheme of things..?

http://news.bbc.co.uk/1/hi/business/8647441.stm

Potugal, Spain and then most probably Britain.
The Olympics will finish the job the speculators started and then, I reckon, we will be in more debt than we were in 1945 DT_Xtremez_06:

 

[Talk Wrench]

Potugal, Spain and then most probably Britain.
The Olympics will finish the job the speculators started and then, I reckon, we will be in more debt than we were in 1945 DT_Xtremez_06:

Unfortunately, too many people agree with you.

I think this could be the first step towards the abandoning of the Euro by those countries with reasonable economies who wish to limit the damage caused by the rapidly imploding Greek debt market.

I was rather hoping that the Greek Euro debt crisis would take the heat off the Pound for a while but after Gordo's "saving of the world" episode, there's no chance of that happening.

TW

 

[Talk Wrench]

Whoooops................................

There goes Spain.

http://www.telegraph.co.uk/finance/...opean-markets-hit-as-Spain-is-downgraded.html


TW