In late August Standard & Poors cut its rating for Irish soverign debt:
http://www.reuters.com/article/idUSTRE67O1DO20100825
2 weeks later S&P’s chief economist is of the view that we’re on the way back:
http://www.tv3.ie/article.php?article_id=46291&locID=1.2.&pagename=news
What a turn-around…..!
Do we go on bended knee to thank the Agency?
(Who invested such power in the Agency and who holds it fo account for all the poor ratings of the last 10 years…?)
