The countries bail them out of their own idiocy or even deliberate idiocy and the GENTLE-PERSONS of Wall Street institutions hand out Junk Bond Status.
I don't think so.
Such gallant souls they are, the financial institutions of the world that can't BALANCE their books without BAILOUTS.
The very last thing Ireland needed was to have their financial status made virtually worthless. It is for that reason every nation on Earth has to realize the idiocy that exists by these financial lackeys.
Ireland only a short time ago was able to obtain remarkable achievements for a country recovering from internal wars, bigotry and strife. The global banking collapse should have never touched this delicate economy which was the backbone to the peace sought for centuries.
Ireland, (click title to entry - thank you) which is often called the Irish Republic to distinguish it from British Northern Ireland, emerged from the conflict that marked its birth as an independent state to become one of Europe's economic success stories in the final decade of the twentieth century....
The world worked with some of its best ambassadors, ministers, and presidents to bring about a peaceful economy that would provide pride to the people and another diamond on the face of this planet. The government of Ireland is one of the first nations to respond to humanitarian crisis around the globe. Somehow promoting peace and good will is an excellent 'fit' for this country and was does the financial community do PUNITIVELY without regard to 'the human condition' a nation maintains and contributes to? They trash the financial stability of an entire SMALL nation still in its infancy of building strength for its people through a delicate economy.
What give any private financial institution on Earth the right to degrade an entire country of its status and stability. There needs to be international laws governing the Bozo Bankers in the world that seek to 'have it their way' and only their way when it comes to financial stability of a country.
Gentlemen? Gentlewomen? Wall Street? The three words don't fit together. They are among the worst 'influences' in re-establishing global stability in any sense of the word that ever existed. They should have been jailed after the Bush / Paulson Baffonery. Tell me why that didn't happen? Because Paulson was running 'the show' in Washington, DC.
This Almighty Financial Authority that governs sovereign nations is an assault against sovereignty, not a support of it. I remind the European Union of some of the past 'ratings' and '? insights ?' by these financial institutions to realize how completely idiotic their standards are.