Economic crisis in Greece and the USA

Stock markets in Europe, the US, and other regions closed sharply lower yesterday after ratings agency Standard & Poor’s downgraded its sovereign credit rating of Greece to “junk” status and also lowered Portugal’s rating by two notches: here. See also here. And here.

Britain: Business Secretary Lord Mandelson has attempted to play down Britain’s exposure to the global wave of panic and speculation that has been sparked by the Greek crisis: here.

This satiric animation video by Mark Fiore from the USA is called Goldman Sachs to Jobless Jack.

USA: Testifying Tuesday before a Senate investigative panel, Goldman Sachs executives defended their deceptive marketing of mortgage-backed securities and denied any responsibility for the global economic crisis: here.

2 thoughts on “Economic crisis in Greece and the USA

  1. Pingback: BP oil pollution scandal continues | Dear Kitty. Some blog

  2. Pingback: May Day in Europe and Asia | Dear Kitty. Some blog

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