When Steve Says You're Fine, Call An Ambulance

The Greeks should have seen it coming when, just a couple of weeks ago, Stephen Harper pronounced himself confidant that Greece was on the road to a full economic recovery.   As a guy who supposedly earned a Masters degree in  economics from some diploma mill the University of Calgary, Harper's judgment in economics questions has been utterly pathetic.

But what of Greece?  How's that recovery going?  Well Greece has just earned the world's lowest credit rating, CCC, from Standard & Poors.

"The downgrade reflects our view that there is a significantly higher likelihood of one or more defaults, as defined by our criteria relating to full and timely payment, linked to efforts by official creditors to close an emerging financing gap in Greece," the US ratings agency said.

Say what?   Didn't they hear what Stephen Harper said?   Don't they understand that everything in Greece is just dandy?  No?