Portuguese Debt Junked - Unravelling of the Euro?

1. Portuguese debt has been knocked 4 notches to Ba2 by Moody's. This means Portuguese debt is worthless, nada, a speculative dead bounce of a dead mouse in a dead cat. See: http://www.independent.co.uk/news/business/news/portugalrsquos-debt-cut-to-junk-in-new-euro-crisis-2307501.html.

2. The Euro crisis is now a war between those who claim to have power(politicos) and those who have a duty to pronounce on the reality of default (rating agencies).

No one wins this war except the media.