those who can, do. those who cant, talk about those who can
- #422,081
- Apr 15, 2011 4:14am Apr 15, 2011 4:14am
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
Thanks for reply.
- #422,089
- Apr 15, 2011 4:28am Apr 15, 2011 4:28am
- | Commercial User | Joined Feb 2011 | 2,208 Posts
LONDON (Dow Jones)--Moody's Investors Service downgraded Ireland's government debt by two notches Friday, taking the country to the brink of junk status, and kept its outlook negative.
The agency, cutting Ireland's bond ratings to Baa3, one notch above junk, from Baa1, said it was responding to a likely deterioration in Ireland's fiscal position, due to weak prospects for economic growth and higher borrowing costs as a result of rate hikes by the European Central Bank.
Seb
- #422,090
- Apr 15, 2011 4:28am Apr 15, 2011 4:28am
- | Commercial User | Joined Feb 2011 | 2,208 Posts
higher than expected CPI => more pressure on Trichet to raise interest rates
higher interest rates => EUR support
EUR support => fewer visitors to euroland (because it is expensive)
EUR support => less exports from euroland (because of high EUR)
higher interest rate => more difficult for PIGS to repay their debts
...
and another ten reasons which follow from these
hope this helps.
I hope Guinnes brewery will be fine anyway
Seb
- #422,092
- Apr 15, 2011 4:32am Apr 15, 2011 4:32am
- | Membership Revoked | Joined Oct 2010 | 2,745 Posts
- #422,094
- Apr 15, 2011 4:42am Apr 15, 2011 4:42am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
Good one ! ! !
Selten so herzlich gut gelacht ...
Null Problemo ... Buongiorno !
BTW ... there are many scientific research results that show that ESPERANTO will be the future GLOBAL LANGUAGE ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #422,096
- Apr 15, 2011 5:13am Apr 15, 2011 5:13am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
Good one ! ! !
Selten so herzlich gut gelacht ...
Null Problemo ... Buongiorno !
BTW ... there are many scientific research results that show that ESPERANTO will be the future GLOBAL LANGUAGE ...
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At TEDxDubai, longtime English teacher Patricia Ryan asks a provocative question: Is the world's focus on English preventing the spread of great ideas in other languages? (For instance: what if Einstein had to pass the TOEFL?) It's a passionate defense of translating and sharing ideas
http://www.ted.com/talks/patricia_ry...t_english.html
- #422,098
- Apr 15, 2011 5:27am Apr 15, 2011 5:27am
- Joined Nov 2010 | Status: Moving forward | 2,138 Posts
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return:
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