N3O Age Of Empires and Starcraft 2 Clan

You guys are all AAA in my book.

Does this mean you have booked your trip?

I wish - and if the house sells I still may.

No, Portugal's government was downgraded to AA- today.

Haha thanks!

That irresponsible son of a beach that is leading our government deserved that, he directly manipulated the deficit to win the elections. Oh wait, that's what being a politician means

what is the son of a beach? Sand? Sunnyboy?

Yeah, he's too lazy!

A lazy person from Portugal?

IMPOSSIBLE ::/ (Dentists not included)

Muahahahahah

out

actually this is far from an laughing matter

in fact it is a laughing matter, since it is through my noir humour that I get by, otherwise Id feel forced into filling my samsonites with some C4 and doing what needs 2 b done!

Ah and b4 I 4get, lets pls keep in mind that the same "specialists" that grade governments are the same fools that didnt forsee the worldwide crysis we are enduring and work in the same companies that basically got us into this whole mess in the 1st place. 2 them I have only 1 piece of advice; if my current government is only worth a AA then I suggest they got 2 an AA meeting themselves for it is there that they should b, getting help after their irrational behaviour. Frickin speculative social leeches!

out

The rating is not the main problem, it's the defilict of 8%. That's i believe 5% above the norm of the euro zone.

Well 3% isn't supposed to be the norm, it's supposed to be the cap. But everyone is over that right now. We're on the high side of 10%. o_O

The rating doesn't really matter, it's the borrowing rate. When that begins to spike, the jig is up. A country can either cut benefits (and face riots), print money (and face catastrophic inflation), or default on their debt, meaning they have to balance the budget going forward from that point since no fool will continue to loan. Since Portugal is in the EU, they can't really print money, either. Whatever happens, don't worry because we're all a couple of years behind you.

I recommend investing in paper companies, I have a feeling they're going to be busy globally for a while.

it's quite more complex indy. It's not because you are in the eu you can't print money. The eu is an intergovermental organisation with 27 members and then you have whitin the eu the euro zone with 15 members. If you enter the euro zone you sign a stabilization pact, that says no deflicts more then 3 %. That are the rules.

The us situation is different, if the us makes a deflict of 10% then that's the us their own problem. If for example belgium makes a deflict of 10% then that's also a problem for france, germany, spain, portugal, austria, italy, greece, netherlands, monaco, San marino, vatican city,etc...

[quote=""Kaiser_von_Nuben""]A lazy person from Portugal?

IMPOSSIBLE ::/ (Dentists not included)[/quote]

LOL.

That's true, Wicked. It's tough for countries to beat on you too much when they themselves are over the 3% though, not that they won't. But you also can't print money, not just because you are responsible to others (although you are), but also because you don't control your currency now.