"S&P downgrades euro zone rescue fund, Greece pressured"
Remember how S&P downgraded the credit ratings of 9 EU countries a few days ago? Well, today they also downgraded the credit rating of the EFSF, the bailout fund created to keep EU countries from going under.
Sounds like the whole “buy-debt-with-more-debt” thing isn’t working.
Hmmm… Ya think?
(Source: Yahoo!)
Link tagged as: eu debt fractional_reserve_banking
