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Amidst the whirlwind involving
sovereign debt, risk premiums and the conditions for obtaining the famous “line
of credit”, Standard & Poor’s –well-known for its impartiality!- announced
on August 22 that if Spain requests a rescue, in which speculators will earn
millions, it will not lower our country’s rating as it had intended to do.
When will institutions, both public
and private, stop playing these shameful games, which have devastating effects
on economies that suffer from continuous budget cuts (including cuts in
education, healthcare and science), as if they were inevitable, instead of being
offered incentives for economic development and the creation of jobs?
When will there be a popular
outcry against EU leadership in which 26 of the 27 Member States merely obey “reference
guidelines” affected negatively by the rating agencies announcements?
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