Moodys: Without U.S Military Leading Europe, Credit Rating for EU Sovereign Countries Will be Lowered

Essentially this notice can be summarized as follows: If you really end the Marshall Plan, credit rating agencies will have to lower their credit rating for all of Europe due to increased financial risk.

Now, tell me again how Europe is not living on the back of America.

LONDON, July 13 (Reuters) – Progressive U.S. disengagement from European security ​affairs is negative for ‌Europe’s sovereign credit ratings, Moody’s said on Monday, due the ​increased defence costs ​the region’s governments will now ⁠face.

A summit of the ​North Atlantic Treaty Organisation (NATO)) ​in Turkey last week saw its 32 member countries agree to ​shift the balance ​of responsibility for Europe’s defence to ‌the ⁠alliance’s European members, and away from the United States.

“The (U.S.) disengagement is credit negative ​for ​European ⁠sovereigns,” a report by two of Moody’s ​top rating analysts ​said. ⁠It said the “credit effect” would depend on how the ⁠shift ​was managed ​in the coming years. (SOURCE)

When it comes to irony, Emmanuel Macron has, quite possibly, the world’s worst timing.

[SOURCE]