Economy

Ghost Dog

(16,881 posts)

94. Fitch - Comprehensive euro zone deal "beyond reach"

Fri Dec 16, 2011, 06:16 PM

Dec 2011

(Reuters) - The credit rating agency Fitch said on Friday it thought a comprehensive solution to the euro zone's debt crisis was beyond reach, putting six euro zone economies including Italy on watch for potential near-term downgrades.

It reaffirmed France's top-notch triple-A rating but even here said the outlook was now negative, meaning it could be downgraded within two years...

... Fitch said that following the EU summit a week ago it had concluded that "a 'comprehensive solution' to the eurozone crisis is technically and politically beyond reach."

"Of particular concern is the absence of a credible financial backstop," it said. "In Fitch's opinion this requires more active and explicit commitment from the ECB to mitigate the risk of self-fulfilling liquidity crises for potentially illiquid but solvent Euro Area Member States."

/... http://uk.reuters.com/article/2011/12/16/uk-eurozone-idUKTRE7BF0P120111216

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STOCK MARKET WATCH, Friday, December 16, 2011 [View all] Hugin Dec 2011 OP

Okay, here's the downside of me doing this. Hugin Dec 2011 #1

excellent n/t Po_d Mainiac Dec 2011 #2

Yes, I can do that mid-morning here tomorrow. Ghost Dog Dec 2011 #5

Please, excuse my lack of perceptiveness... Hugin Dec 2011 #87

This is what my firewall/site analyzer shows me, that's all. Ghost Dog Dec 2011 #92

... Hugin Dec 2011 #103

You are giving me calendar anxiety. tclambert Dec 2011 #3

Sorry about that. Hugin Dec 2011 #4

I suggest adding a link back to each previous day's thread, Ghost Dog Dec 2011 #6

Great idea! DemReadingDU Dec 2011 #22

Got it! Hugin Dec 2011 #23

Yea! I am so glad to see this up Demeter Dec 2011 #7

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Spanish debt sale helps lift markets Ghost Dog Dec 2011 #9

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I reckon this is one of the benefits of holding global economies by the ballz. nc4bo Dec 2011 #58

day after day after day of this crap dixiegrrrrl Dec 2011 #85

Big Bang Theory is my latest thing. dkf Dec 2011 #104

There would be a link missing above, no, Demeter? Ghost Dog Dec 2011 #62

Here's the link Demeter Dec 2011 #77

Be careful. Pace yourself. Ghost Dog Dec 2011 #79

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Ratings cut, bah.... InkAddict Dec 2011 #28

morning -- love the toon! xchrom Dec 2011 #35

Good morning. Ghost Dog Dec 2011 #37

kinda cool! nt xchrom Dec 2011 #41

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study: past corporate tax holidays led to little job creation ... xchrom Dec 2011 #39

It's Time to Tax the Church Demeter Dec 2011 #40

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Hey, I Was Going to Post That! Demeter Dec 2011 #44

i think we can just about count on the 'more' bail outs. xchrom Dec 2011 #46

Goldman runs into sukuk hurdle Demeter Dec 2011 #45

US Census Shows 1 In 2 People Are Poor Or Low-income Demeter Dec 2011 #47

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Yes, I think this is the other D-word to watch, now. Ghost Dog Dec 2011 #68

Bill Black calls for the end of PAC �Presidential Amnesty for Contributors� doctrine Po_d Mainiac Dec 2011 #49

south asia: RBI saves Indian stock market's trillion-dollar tag, for now xchrom Dec 2011 #50

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India Profit Forecasts Cut Deepest Since �09 as Sensex Sinks Most in World xchrom Dec 2011 #76

Christine Lagarde: European financial crisis is too serious for eurozone countries to solve alone Demeter Dec 2011 #52

ECB Success and Folly Demeter Dec 2011 #59

"Assistance to Europe", of course, should read "assistance to certain European banks", Ghost Dog Dec 2011 #66

Congressional leaders reach spending deal to avoid government shutdown Demeter Dec 2011 #53

Today's Reports Roland99 Dec 2011 #54

U.S. consumer prices up 3.4% in past 12 months Roland99 Dec 2011 #55

That's a big negative earnings on a savings account Po_d Mainiac Dec 2011 #61

POD.... AnneD Dec 2011 #90

As far as I know it still stands Po_d Mainiac Dec 2011 #95

Inflation-adjusted average hourly wages fall 0.1% Roland99 Dec 2011 #56

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Bill Black: Dante�s Divine Comedy � Banksters Edition Demeter Dec 2011 #60

There's so much Free-Marketeer spin in this article that it makes me dizzy bread_and_roses Dec 2011 #64

Everything's coming up roses! Roland99 Dec 2011 #69

Not for long... Ghost Dog Dec 2011 #82

I jinxed them! (either that or it was Fitch's release >>>>> Roland99 Dec 2011 #83

I just hope things last a little longer...... AnneD Dec 2011 #93

You Aren't the Only One Demeter Dec 2011 #97

If you're gonna put all that cash under the matress Po_d Mainiac Dec 2011 #101

Oh my DemReadingDU Dec 2011 #102

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I dunno... I find it faintly amusing. TalkingDog Dec 2011 #86

... xchrom Dec 2011 #88

.... Po_d Mainiac Dec 2011 #96

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Pardon my ignorance... What does the "MF" stand for in MF Global? Hugin Dec 2011 #89

Mother Fuckers. What could you have been thinking? Po_d Mainiac Dec 2011 #91

They used to have their own Cable TV show. Fuddnik Dec 2011 #99

All we need now is a photo of Tinkerbell in a LBD and I'll declare SMW open!! Hugin Dec 2011 #100