The Euro con continues. .S&P strips Netherlands of its AAA credit rating

I never thought the Dutch of all people would sell out to Germany.

‘Mr Dijsselbloem, who is also president of the Eurogroup of finance ministers, has prescribed spending cuts and tax hikes to strengthen Dutch and other European funding-the-eugovernment finances and pave the way for long-term growth.
A reader phoned his Dutch aunt last night and she is not a happy bunny. When he asked how she felt about the euro and the EU (She was a great supporter of the Maastricht and Lisbon Treaties) she said ” We have been lied to, I want the Guilder and my Country back ! ”
New data from the ECB shows that the ezone money-supply and general liquidity dropped catastrophically during October. The overall figure for loans to non-financial companies shrank by 3.7% overall, but it is the country by country ClubMed figures that spell disaster: Societe Generale says the total lending fall was 5.7% in Italy, 6.6% in Portugal, and a horrific 19.3% in Spain.