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The Netherlands may be at increased risk of losing its AAA rating after budget-cut talks...

The Netherlands may be at increased risk of losing its AAA rating after budget-cut talks collapsed yesterday between the liberal party of PM Mark Rutte and its coalition partner, the Freedom Party. The breakdown of the talks, whose aim was to bring the deficit to below 3% of GDP, could lead to early elections and places in doubt whether the country will OK the fiscal compact.
Comments (5)
  • Tack
    , contributor
    Comments (13991) | Send Message
     
    Does anybody actually still pay the slightest attention to the threats of ratings changes, or any actual changes themselves, issued by the irrelevant ratings agencies, which have been revealed conclusively to be emperors without clothes?
    22 Apr 2012, 12:20 PM Reply Like
  • radicall
    , contributor
    Comments (534) | Send Message
     
    Holland in danger of ratings downgrades, but Hollande is a danger to the rating of France.
    22 Apr 2012, 05:55 PM Reply Like
  • minecanary
    , contributor
    Comments (561) | Send Message
     
    Emperors w/no clothes. The ratings don't matter...until suddenly they do. Witness the scumbag Congress trying to sanction one of the agencies for actually pointing out the US is dead, flat broke. When some European banks suddenly have to double their reserves - ie hold a bigger pile of crap? - the truth will start to seep out.
    22 Apr 2012, 07:54 PM Reply Like
  • mercenary
    , contributor
    Comments (3) | Send Message
     
    What about this "Germany the ONLY honest AAA country, while the rest only by the grace of God and the rating agencies?"(Wsj).The other (have we forgotten) side of the story is,do we, or are we (still) unaware of "unfair"/totally incorrect ratings when less than a decade ago the ratings of,just to name one, "synthetic cdo's" were absolutely beside the fair value of this product? Didn't Janet Tavakoli warn us "it is a develish brew in unscrupoulos hands"?If YOU didn't remember, at least I did. Mercenary
    23 Apr 2012, 07:06 AM Reply Like
  • radicall
    , contributor
    Comments (534) | Send Message
     
    Germany is the next one to go because they have taken the liabilities of all these other country on their Balance sheet and also fund their TARGET2 deficits
    23 Apr 2012, 11:20 AM Reply Like
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