22-Jul-11 World View -- Europeans announce bailout plan

[John]

22-Jul-11 World View -- Europeans announce bailout plan allowing Greece to default

East Africa famine - a catastrophe in the making


** 22-Jul-11 World View -- Europeans announce bailout plan allowing Greece to default
** http://www.generationaldynamics.com/cgi ... 22#e110722






Contents:
*** World View -- Europeans announce bailout plan allowing Greece to default
"East Africa famine - a catastrophe in the making"
"Europeans announce bailout plan allowing Greece to default"
"S&P says U.S. has 50% chance of rating downgrade as early as August"
"Syrian forces massively assaulting city of Homs"
"Libya is new source for smuggled arms to Gaza"
"US and France signal that Gaddafi could stay in Libya"
"Israel won't apologize for Turkish flotilla deaths"
"Russian and Swiss armed forces sign a military-technology cooperation agreement"
"Russia blocks a United Nations 'green helmets' climate peacekeeping force"
"Pentagon braces for much deeper military cuts"
"Pentagon searches for a 'meme tracker'"
"Sydney Opera House appears on cover of terror magazine"
"Battle of Agincourt: ten reasons why the French lost"
"Couple says image of Jesus appears in Walmart receipt"

Keys:
Generational Dynamics, Horn of Africa, famine, Somalia , Ethiopia,
Kenya, Djibouti, Uganda, Greece, bailout, Jose Manuel Barroso,
Georgios Papandreou, Italy, Spain, Romania, Bulgaria,
S&P Ratings, Syria, Bashar al-Assad, Libya, Gaza, Muammar Gaddafi,
Russia, Switzerland, North Caucasus, UN Security Council,
Meme tracker, Sydney Opera House, Battle of Agincourt,
Joan of Arc

[JULLIEN]

Ten reasons why the French lost the Battle of Agincourt

Eleventh reason : France was in a unraveling era (or in a transition to an unraveling era).

[Trevor]

Greece is going to default. There is no way around it. Europe just doesn't want to accept that, but regardless of what they do, they will fall. They have a bond rating of CCC with an outlook of negative; that's junk. Portugal is BBB-, as is Iceland, Ireland is BBB+, all of whom have an outlook of negative. So does much of Europe, to be honest, as do we. Here's the list of all european countries with negative outlooks:

Belarus: B
Belgium: AA+
Croatia:-BBB-
Cyprus: A-
Hungary: BBB-
Italy: A+
Montenegro: BB
Slovenia: AA
Spain: AA

and those are just the ones I've found. Greece is worst off, but they won't be the only ones. Others have a chance of avoiding their fate, but I don't see it likely. Maybe having Greece and a couple others collapse entirely will give the others a chance to pull for shore.

With my country (U.S.), I am fully expecting an economic downturn. I don't know yet how bad it's going to be, but it's not over yet.