Saturday, March 03, 2012

Gates of Vienna News Feed 3/3/2012

Gates of Vienna News Feed 3/3/2012Moody’s rating agency has downgraded Greek bonds to C, the lowest possible level on their rating scale. The downgrade came in the wake of the new arrangement that forced lenders to write off even more Greek debt. Moody’s warns that the country is still at risk of default.

In other news, President Obama has warned Israel not to launch a pre-emptive strike against Iran.

To see the headlines and the articles, open the full news post.

Thanks to Andy Bostom, C. Cantoni, Fjordman, Flyboy, Gaia, Insubria, JD, Kitman, Steen, and all the other tipsters who sent these in.

Notice to tipsters: Please don’t submit extensive excerpts from articles that have been posted behind a subscription firewall, or are otherwise under copyright protection.

Commenters are advised to leave their comments at this post (rather than with the news articles) so that they are more easily accessible.

Caveat: Articles in the news feed are posted “as is”. Gates of Vienna cannot vouch for the authenticity or accuracy of the contents of any individual item posted here. We check each entry to make sure it is relatively interesting, not patently offensive, and at least superficially plausible. The link to the original is included with each item’s title. Further research and verification are left to the reader.


mace said...

In accounting terms, Greece already has defaulted. No amount of spin from the Eurocrats and their financial accomplices will make any difference to the grim reality.

What a debacle.