{"id":10652,"date":"2010-08-24T17:50:02","date_gmt":"2010-08-24T21:50:02","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=10652"},"modified":"2016-09-20T07:47:41","modified_gmt":"2016-09-20T11:47:41","slug":"sp-is-cutting-europe-soverign-ratings-ireland-is-first","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2010\/08\/24\/sp-is-cutting-europe-soverign-ratings-ireland-is-first\/","title":{"rendered":"S&#038;P is Cutting Europe Sovereign Ratings: Ireland is First"},"content":{"rendered":"<p>It was inevitable. There is no possible way possible that austerity mixes with growth. Add that to an severely ailing banking sector that needs constant government support and you get a sovereign downgrade.<\/p>\n<p>Which country is next? Spain, Greece, Portugal, <!--more-->England???<\/p>\n<blockquote><p>Aug. 24 (Bloomberg) &#8212; Bloomberg&#8217;s Matt Miller, Dominic Chu and Julie Hyman discuss today&#8217;s decision by Standard and Poor&#8217;s to cut Ireland&#8217;s long-term sovereign credit rating to AA- from AA. Nobel Prize-winning economist Joseph Stiglitz told Dublin-based RTE Radio in an interview broadcast today that the European economy is at risk of sliding back into a recession as governments cut spending to reduce their budget deficits. They talk on Bloomberg Television&#8217;s &#8220;Street Smart.&#8221; (Source: Bloomberg)<\/p><\/blockquote>\n<p>Click below to <a href=\"http:\/\/www.bloomberg.com\/video\/62409436\/\"><strong>play<\/strong><\/a>&#8230;.<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.bloomberg.com\/video\/62409436\/\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-10653 aligncenter\" title=\"2010-08-24_17.46.06\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2010\/08\/2010-08-24_17.46.06-1.jpg\" alt=\"\" width=\"496\" height=\"395\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It was inevitable. There is no possible way possible that austerity mixes with growth. Add that to an severely ailing banking sector that needs constant government support and you get a sovereign downgrade. Which country is next? Spain, Greece, Portugal,<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[5,12],"tags":[284,483],"class_list":["post-10652","post","type-post","status-publish","format-standard","hentry","category-economy","category-markets","tag-currency","tag-markets","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/10652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=10652"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/10652\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=10652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=10652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=10652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}