Fitch On The Rampage: Downgrades Italy,Belgium,Cyprus,Slovenia and Spain.

[Oblivion.]

I wish these doomsday posters would all just calm down. Things aren't that bad. I mean, it's not like Ireland is heading towards debt-to-GDP of 127% and 50% youth unemployment, or anything.

[sport02]

I wish these doomsday posters would all just calm down. Things aren't that bad. I mean, it's not like Ireland is heading towards debt-to-GDP of 127% and 50% youth unemployment, or anything.

This thread is about Italy,Spain,Slovenia,Belgium and Cyprus.

[gerhard dengler]

Here are some phrases from Fitch's statement on Ireland.

progress; on-track fiscal performance; the improvement of macroeconomic and financial fundamentals;all programme targets have been met; strong political support; the 2012 target is attainable; export-driven recovery; the flexibility of the Irish economy; sharp improvement of competitiveness; financial stability concerns have receded; market confidence has increased; deposit stabilisation.

Doomed, I tell you. doomed.

Deposits have dropped from €603 billion in Jan 2011 to €526 billion in Nov 2011, for the guaranteed banks.
For all credit institutions in Ireland, deposits have dropped from €1,121 billion Jan 2011 to €1,027 billion in Nov 2011.