Bleak Future?

[Towntalk]

Are we in the replay of the era  that ushered in World War II?

Standard & Poor's said Monday that it placed 15 members of the euro currency union on review for a possible downgrade as the debt crisis in the eurozone continues to worsen.
The blanket warning applies to AAA-rated nations such as Germany, France, the Netherlands, Austria, Finland and Luxembourg, the U.S.-based credit rating agency said in a press release.
But the review does not change anything for two members of the 17 nation monetary and currency union. Greece's credit rating currently reflects a high risk of default, and Cyprus was already under review.
S&P said the review was prompted "by our belief that systemic stresses in the eurozone have risen in recent weeks to the extent that they now put downward pressure on the credit standing of the eurozone as a whole."