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News Link • European Union

Look out below? USA AAA is gone and Germany is bailing on the idea of bailing out Italy!

• The Political Commentator
Just when you thought the news couldn't get any worse! After the S&P downgrade of United States debt from AAA to AA+, Germany says that Italy is too big for the European Financial Stability Facility (EFSF) to bail out! Go to the bunkers for the opening of the markets on Monday morning as news of Germany's bailing on the idea of bailing out the larger European economies comes on top of the S&P downgrade of US debt.

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