More bad news for the European economy?

Moody’s slashed the credit ratings of six European nations on Monday – including Spain, Italy, Malta, Portugal, Slovenia, and Slovakia.  The U.K., France, and Austria were also all given negative credit outlooks by Moody’s.  This downgrade follows similar credit downgrades in the last few months by S & P and Fitch.  And it comes on the heels of massive riots in Greece against austerity.  Clearly, the technocrats’ use of disaster capitalism is wreaking havoc on the entire European economy.