Fitch Cuts Ratings of Five Eurozone Countries!

Coming but not yet ! 3Q2012??

• The political/economic theatre continues. Do not believe all the MSM propaganda about a recovering US economy. The Illuminists are setting up the world for a global economic, financial and monetary collapse leading to World War 3. This world war will be triggered via the Greater Middle East War starting with the attack on Iran!
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  Fitch cuts ratings of five eurozone countries! 
  Reuters
  Fitch downgraded the credit ratings of Belgium, Cyprus, Italy, Slovenia and Spain, indicating there is more than a 50pc chance of further ratings cuts in the next two years.
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  However Fitch left France’s AAA rating unchanged, despite rival Standard & Poor’s downgrade of the country earlier this month. In its statement, Fitch said these countries have near-term vulnerability to monetary and financial shocks. “Consequently, these sovereigns do not, in Fitch’s view, accrue the full benefits of the euro’s reserve currency status,” Fitch said.
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  Fitch cut Italy’s rating to A-minus from A-plus; Spain to A from AA-minus; Belgium to AA from AA-plus; Slovenia to A from AA-minus and Cyprus to BBB-minus from BBB, leaving that island nation just one notch above junk status. Ireland’s rating of BBB-plus was affirmed.
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  All six of the ratings were given negative outlooks. “The negative outlook on all six countries indicates a slightly greater than 50pc chance of a downgrade over a two-year time horizon,” the ratings agency said.
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  … for more click here!

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