The three US financial war fleets

The Americans have it their own way

The three American creditworthiness “musketeers”, Standard and Poor’s, Moody’s and Fitch are the modern times landing crafts that Washington employs whenever the US want to debark on the European financial shores. Over the past years every time that the Eurozone is about to make a crucial decision to solve or at least alleviate the over-indebtedness problem which haunts its southern members and Ireland, one or more of the three American rating agencies come out and trade a strong blow on Europe.

This week it was Moody’s aiming at the heart of Eurozone and degraded France’s creditworthiness from AAA to AA1. In a peculiar way world markets are being directed by the three American agencies, in the same manner as the six US Navy fleets are intervening to bring back to line every disobedient country.