Quote:
Originally Posted by GGG
Are these bond rating drops punishment from the financial world rather then rational predictions of the UKs ability to repay debt?
The business world makes profit through open trade and needs to discourage others from leaving. And did Britains ability to pay debt substantively change with this vote?
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No they have their own currency. Technically speaking they could just print more money and pay the debts (obviously that causes other issues). Its not a lot different from when they cut the US rating a few years ago because of political wrangling.