Spain ABC © fintag

News comments:
So we have some interesting conundrums coming up.

Spain: Soon to be downgraded. As bond spreads increase, so does the chance of a bail out. (wallstreetjournal)

Germany: But Germany isn't interested in bailing anyone out. (bloomberg). Germany wants to topple the USA.

France: Very concerned about being downgraded and could happen before Spain. (citywire)

USA: As reported in the FT, the USA will soon be downgraded. (profi-forex)

Upshot? US will ban Credit Rating Agencies.