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One more knock: S&P downgrades 34 Italian banks

Published: 11 February, 2012, 02:12


Standard & Poor’s main office

Standard & Poor’s has downgraded the credit rating of 34 major Italian banks, including country’s largest, UniCredit. This comes after the rating agency downgraded Italy’s grade to BBB+ last month.

 
13 COMMENTS
Atomic February 11, 2012, 03:07 quote
+3

Italy doesn't need banks.  They have yummy pizza.

Realist February 11, 2012, 04:07 quote
+3

Power Companies are the new BANKS!.

Wait and see how much profit they have made from people dying from the cold. Isnt it a good job when MPs leave their jobs they can walk into companies like this.

Realist February 11, 2012, 04:11 quote
0

If Anonymous are so clever why dont they hack the power companies records and delete everybodies Bills?.

Why not do something for the people.. But wait!!!...

It proves that Anonymous is just America deleting files so that no investigation can ever take place.

The Beak February 11, 2012, 06:20 quote
+2

Now people will know who Berlusconi was. He tried his best to save Italy for its pending economic and financial destruction. He resisted the US, French, British plans for the destruction of Quaddafi and Libya. He was threatened by NATO forces. In the end he surrender and left. Now Italy will be enslaved by Goldman Sach among others. The face of this conspiracy is Germany but it not, it the Americans and their loyal agents who built the new German museum of history. Europe will become worst than today's Africa it seems.The big Companies and banks will devour Italy and it may be occupied by an army if they resist. Remember Italy. 

The Beak February 11, 2012, 06:20 quote
+2

Now people will know who Berlusconi was. He tried his best to save Italy for its pending economic and financial destruction. He resisted the US, French, British plans for the destruction of Quaddafi and Libya. He was threatened by NATO forces. In the end he surrender and left. Now Italy will be enslaved by Goldman Sach among others. The face of this conspiracy is Germany but it not, it the Americans and their loyal agents who built the new German museum of history. Europe will become worst than today's Africa it seems.The big Companies and banks will devour Italy and it may be occupied by an army if they resist. Remember Italy. 

Hey the Beak February 11, 2012, 07:19 quote
-1

Goldman Sachs is who set up Brics.  But you already knew that.

paulinru February 11, 2012, 08:44 quote
+1

Isn’t  bailout money borrowed money?  I they are cutting the civil servantswages to basically nothing.  And ifthe money is borrowed what are the worthless cabinet members being paid to sellthe Greek people into slavery? Bailouts do not work for the working class, but they do benefit an elitegroup of people!

The Beak February 11, 2012, 09:00 quote
+1

Just cannot see how Goldman Sachs created BRICS as a economic and financial power house at the expense of Europe which include Britain, France et. al. and the US. Look at the amount of Quantative Easing recently announced by the UK. The are releasing 365 billion pounds in 3 months. If the multiplier effect is 10 that amounts to 3.65 Trillion pounds. The sffect of thst amountb of paper on  the world is tremendous. BRICS meaning Brazil, Russia, India, China South Africa which may now include Turkey. Wish you explain.

Brics has all kinds of people in it now February 11, 2012, 09:04 quote
-1

Mexico and America are in it to now on the sidelines. As well as the EU

sbugiardo February 11, 2012, 11:56 quote
+3

The Beak wrote in #4

Now people will know who Berlusconi was. He tried his best to save Italy for its pending economic and financial destruction. [...]

You're joking! He was part of the problem big time. He used our Italian money for his own purposes, elected puppets who were total imbeciles, tried to sell the country to his own companies and multinationals (e.g. water privatization), approved laws which took back the country and had to be reverted through referendums at an enormous cost in terms of time and money; he discredited his opponent in unlawful ways end so on.

He may have been brave and seldom (very seldom) smart, but on the whole the man and his concubines are going down in history side by side with Nero, the Emperor who "fiddled while Rome burned".

Eurasian February 11, 2012, 13:12 quote
0

The Beak wrote in #8

Just cannot see how Goldman Sachs created BRICS as a economic and financial power house at the expense of Europe which include Britain, France et. al. and the US. Look at the amount of Quantative Easing recently announced by the UK. The are releasing 365 billion pounds in 3 months. If the multiplier effect is 10 that amounts to 3.65 Trillion pounds. The sffect of thst amountb of paper on  the world is tremendous. BRICS meaning Brazil, Russia, India, China South Africa which may now include Turkey. Wish you explain.

___________________________________________________________

@Beak

Don’t respond to idiots. Goldman Sachs DID NOT created the BRICS, they were well there, but Goldman Sachs concerned primarily with profits quickly noticed it and coined them “BRIC.”

The point is Goldman Sachs & Co cannot control the BRICS, Iran, etc., and now they start to each other as sharks. Iceland, Greece, Hungary, Italy, Portugal, Spain… is just the beginning what we see, the real ugliness will come when the City of London and the Wall Street turn on France and Germany - and then finally on each and other. America IS controlled by the City of London financial centre with the realistic ´monitory system empire´ but a physical empire either British or American.

Eurasian February 11, 2012, 13:56 quote
+5

The problem isn’t with the downgrading but always has been about the upgrading creating a false picture in order to get more loans on lower interest’s rates establishing the so-called “credit culture.” And those who bought the trick of the City London and Wall Street trapped themselves and now suffer the most - suffocating their own people of course for their dumb and greedy political decisions playing with the bankers.

Templar Knight February 12, 2012, 07:23 quote
-1

I don't know why Europe cares about what S&P says... Who is the S&P?? Nobody, they have no authority, and the people who actually have money are clearly not in Europe or US, because every single Western country has more debt than money. It's interesting how countries like China and Russia don't give a damn about what S&P has to say.

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