The logo of solidarity, the grass roots movement that freed Poland from communist dictatorship. Now the European Union bureaucratic dictatorship is trying to enslave Poland once again (Image source)
Ratings Agency Standard & Poors (S&P), one of the credit rating agencies that influences Wall Street and the New York Stock Exchange, on Friday 15 January downgraded Poland's sovereign credit rating from A- to BBB+. This is the first change for Poland since 2007 and first downgrade since the country broke free from communist rule. The new rating puts Polish treasury bonds only one grade grade above junk bond status which, if it is imposed would make Polish debt un-investable for a large portion of the global finance community.
To naturally cynical observers the move was not driven by economics but political agendas and stinks of of a politicised corporate collaborating with a corporate political entity, the European Union, which has set out, with the help of Washington and the global financial community to depose the democratically elected government of Poland for having the audacity to assert its sovereignty. The Eurofascists of Brussels desire to punish Poland for rejecting the subservience of the previous, scandal plagued government to the bureaucratic dictatorship that aims to merge all the EU's 28 member states into a single European superstate.
S&P suggests there is a strong probability of a further downgrade if a the reversal of certain policies on such issues as immigration, law and order and domestic civil liberties that do not affect Poland's economic prospects but are out of line with the politically correct consensus of globalists is not expedited.
It is impossible that this move was based of economic analysis because Poland's economic position has not changed since the same rating agency gave the economy a glowing thumbs up in the run up to the election as recently as October 2015. In that election every left wing, pro European integration member was thrown out of the national assembly. Since then the European Union has been working to destroy Poland as they destroyed democracy in Greece when the democratically elected government opposed austerity measures imposed by Brussels that harmed Greek citizens but protected the banks and institutions that held Greek debt.
Read more about Poland credit downgrade: Yahoo News >> Financial Times >> Reuters
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