Europe’s Rating Continues to Decline

Dr. Michael LaitmanIn the News (from Forbes): “Moody’s was last to the downgrade party, announcing on Monday it was axing the sovereign credit rating of six European nations including Italy, Spain, and Portugal. At the same time, the credit rating agency put three triple-A rated nations (the U.K., France, and Austria) under negative outlook, signaling they too could lose the precious, yet arbitrary, seal of approval.”

My Comment: Now, it is only a matter of time: either the crisis will change the EU or the EU will become smarter, reject the old system, and take the course toward full integration.

They will need to do the following:

  1. Introduce a system of integral education and upbringing across the EU,
  2. Develop a new economic system of reasonable consumption and equitable distribution,
  3. Plan gradual implementation of points 1 and 2 in all EU countries.

Surely until the EU leaders and a new single EU government begins to attend to these questions, the systemic crisis will begin to weaken.

Related Material:
20 Signs That Europe Is Plunging Into A Full-Blown Economic Depression
S&P Downgrades Nine Euro Zone Countries
Europe Has No Strategy For Exiting The Crisis

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