keep doing ya thing big dogg .at the library for abit .bout to leave .got errands to run

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Permalink Reply by liao on June 14, 2011 at 4:04am

Greece falls to S&P's lowest rated, default warned
Greece now has a lower credit rating than countries such as Pakistan and Ecuador, which has been shut out of international markets since a 2009 default. The cost of insuring Greek debt is now almost twice as much as the price of insuring UGG Gypsy Sandals bonds.Ugg boots,Wholesale Ugg,Ugg Outlet;Ugg Outlet Store;UGG Bailey Button Boots;UGG Tasmina Sandals
S&P's move was the latest blow for Greece's Socialist government, which is scrambling to push an unpopular austerity package through parliament to ensure continued funding under a year-old bailout plan.UGG Fluff Flip Flop Slipper;UGG Sundance Ii Boots;UGG Ascot Slippers;UGG Fluff Scuff Ii;UGG Bags
Barely a year after Athens was granted a first 110-billion-euro (158-billion-dollar) aid package, the European Union, the IMF and the European Central Bank are working on a second funding deal. Some European countries such as Oil painting reproductions oppose giving more money to Greece without the assistance of private creditors.UGG Classic Argyle Knit;UGG Classic Cardy Boots;UGG Classic Mini Boots;UGG Classic Short Boots
S&P said European policymakers looked increasingly likely to impose a restructuring of Greece's debt -- either via a bond swap or by extending bond maturities -- as a means of making the private holders of Greek bonds share the burden.UGG Classic Tall Boots;UGG Coquette Slippers;UGG Infants Erin Boots;UGG Margot;UGG Nightfall Boots
"In our view, any such transactions would likely be on terms less favorable than the debt being refinanced, which we, in turn, would view as a de facto default according to Standard & Poor's published criteria," the agency said.UGG Ultimate Bind Boots;UGG Ultra Short Boots;UGG Ultra Tall Boots 6.14pant

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