The Economic Post

The G of PIGS would slowly move out of talks as the Government looks to undertake huge austerity measures and the 110 Bn euro bailout would do a great deal to keep the speculators away from Greece. The PIS would surely grab the attention and there would be numerous "Goldman Sacs" keeping an eye out of every single piece of numerical data coming out from these countries to short these markets.
There have been a lot of talks regarding the "Goldman Sacs" of the world and how the FED is trying to regulate the Wall Streets of the World. When the discussions of these talks start, there has to be a debate on how the countries should allocate their resources. It would be easier to blame Goldman Sacs for the pain it has caused, the question that has to be answered is “who will answer the questions If an emerging country or a developed nation fails due to the huge deficit in their balances and the ripple effect it will have on the rest of the world”. Greece, Ireland are the smaller economies of the world, what If China or India or for that matter USA fails to keep its pace with the serious economic policies that they follow.
The rating agencies are the best to measure these economic conditions and downgrade the sovereign status if any of the countries walk the path of any aggressive and miscalculated policies that they undertake. Rating agencies should be very conservative of the economic policies that the countries undertake and Instead of waiting and watching, a serious breach of conservatism should lead to rating changes, so that the world is on the watch and the economic conditons are revived before any serious troubles brew in the market.