Blog/European Union
Posted Aug 5, 2015 by Martin Armstrong
Standard & Poor’s 500 Index has lowered the credit outlook for the EU as a whole to NEGATIVE. SPIEGEL Online reported, in addition to the new aid for Greece, one of the reasons for the negative rating includes the investment plan by President Juncker to spend more money. No one comprehends that increasing tax enforcement and raising taxes is not the way to help Europe recover.
