Standards & Poor's is a company, nothing more nothing less; but it has just threatened 15 Euro Zone countries with downgrading their creditworthiness and those sovereign countries are expected to react to this single company's musings by changing economic policies that will affect over half a billion citizens.
When a single company can dictate economic policy to 15 countries and half a billion people, we don't have democracy; we have a tyranny that is worse than that used by any Self-serving Monarch or Evil dictator in the past history of mankind.
The Euro Zone should tell Standards & Poor's to ****** (expletives deleted), make its sort of trading illegal, ban it and stop it from blackmailing democratically elected governments in future.
The answer to the current economic crisis is not to bow to the markets that created and are exacerbating the crisis. The answer is to regulate the markets so that companies like Standards and Poors can no longer profit out of the economic misery that they wish to impose on billions of people for the sake of a fast buck for their few shareholders.