Sanctions biting more to Europe than Iran?
Can Europe Withstand United or America wanted to destroy EU and Euro, the only Challenge to Dollar as reserve currency?
Today oil is @120 USD a barrel, Iran has announced it will stop oil exports to six European countries which includes Greece, Italy, Portugal, Spain ........ all of these countries facing sever financial crisis, Greece is very - very close to default, it may or may not but market is already rattled and will have long term pain.
This may not be enough
Moody is American Company
By Ian Chua and Soyoung Kim
(Reuters) - Moody's warned on Thursday it may cut the credit ratings of 17
global and 114 European financial institutions in another sign the impact of the
euro zone government debt crisis is spreading throughout the global financial
system.This may not be enough for Greece ......... where pain is more
