S&P Dares To Go There: Downgrades European Union To Negative Outlook

Jon Alternative Media, Blogosphere, Economy

Just a few short years after they dared to downgrade the US, S&P has unleashed their worst on Europe:
*EUROPEAN UNION OUTLOOK REVISED TO NEGATIVE FROM STABLE BY S&P *S&P: EU TO AA /NEGATIVE FROM AA /STABLE – FOREIGN CURRENCY LT We are sure this will be met by S&P office raids throughout Europe, litigation over somethhing or other, and denials broadly from any and every unelected member of EU’s elite… because “when it’s serious you have to lie.”
As Bloomberg reports,

This post was published at Zero Hedge on 08/03/2015.