Tuesday, December 27, 2011

Richard D. Wolff | Europe's Debt Crisis Deepens

Richard D. Wolff, MR Zine: "Over the weekend, Fitch - the major rating company that, with its fellow majors, Moody's and Standard and Poor's, dominate the business of assessing the riskiness of debt instruments - took a highly publicized step. It downgraded the credit-worthiness of the sovereign debts of many European countries. What a spectacle!"
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