The Mudcat Café TM
Thread #153035   Message #3581493
Posted By: GUEST,tot
04-Dec-13 - 03:58 PM
Thread Name: iceland writes off debt
Subject: RE: iceland wrires off debt
From the 2013 Worldwide Prosperity Index :----
UK.       16th. place---down three places from 2012
Iceland    13th. place.
Ireland    12th. place.

UK credit rating downgraded to AA+ from AAA on 22/2/13.

This took place one day before a document, prepared at great expense to the taxpayer, and prepared by Westminster for the NO campaign against the YES side in the forthcoming Scottish Referendum set out dire warnings for a downgrading of the Scottish credit rating should a yes vote occur. Naturally this document had been widely leaked by Westminster to create a greater sense of fear in the populace as previous and subsequent papers from the same source have attempted.
Such messages of doom produced by an organisation which cannot even forecast what is about to happen in their own back yard are worth thousands of votes to the YES campaign. Needless to say the complete print run had to be pulped amid assurances that "lessons would be learned". As far as can be ascertained no dismissals took place following this fiasco.