Debt

4 Billion losses related to ETFs, losses in its Greek subsidiary and ECB rescue amounting € 5 Billion...this is an anthology of the rumors that ran in the markets about Société Générale.

The European Central Bank, which has announced strong intervention on the markets, will buy Italian and Spanish debt according to a source close to the bank

Last Friday, the rating agency Standard and Poor’s lowered the rating on the U.S public debt by one notch from ’AAA’ to ’AA +’, just days after the agreement between Republicans and Democrats.

According to Warren Buffet, this decision is “pure madness” and the United States deserve a quadruple A rating.

Rarely has the relationship of investors with sovereign debt been more ambivalent. The Western media tell us that we face a debt crisis, with debt-to- GDP ratios approaching 100%