Shakespeare: EU Banking System Is Corrupt

Fitch Ratings have downgraded Greece’s sovereign debt from B- to CCC,

the lowest possible grade for a country that is not in default.

The agency said an exit from the euro currency union is “probable” if politicians fail to form a government

after the next round of elections, which is scheduled for June 17.

It warned that the country’s exit from the eurozone

would hurt the economies of other European nations that use the currency.

Press TV has conducted an interview with Rodney Shakespeare, professor of Binary Economics,

to hear his opinion on this issue.

[youtube]HpUQ8Otyts4[/youtube]

Next Post

Iraq, Afghanistan Vets To Hand Back Medals At NATO Summit

Sat May 19 , 2012
  Thirty to 50 veterans of the Iraq and Afghanistan Wars may have fought hard for or suffered for their medals, but this weekend, they plan to hand those medals back during the NATO summit in Chicago, MSNBCreports. The group will stage the demonstration in protest of the war on […]

You May Like

//