Do Friday's European Downgrades Matter?

As the Euro Zone countries are all gradually down graded the affect will be felt by the lack of confidence that other non-euro countries will not invest in that country. The knock on effect is even more revealing as countries down graded that have at one time borrowed at the most advantageo­us rates of interest, will have to pay more and this will put a greater pressure on their ability to make repayment of their debt.

This will eventual lead to a bond melt down and will with in the next 6 months lead to a number of poorer Euro Zone countries leaving and decamping to other currencies­, leaving the richer ones to their own devices.
Read the Article at HuffingtonPost