Friday, 7 March 2014

Citibank: More of the Same

 

Once again the MSM jump on an economic report on Scottish independence and once again they dump on Scotland.

The Telegraph says

Torygraph Citi1

Note the negativity,

“qualify for only a single-A rating” [emphasis is mine]

“other countries with a single-A rating include Botswana and Trinidad and Tobago.”

The Telegraph could have said but didn’t that Scotland, with a single-A rating, would be higher rated than, for example, Ireland, Indonesia, India and Iceland

 

What Citigroup actually said was,

Citi2

It’s not a bed of roses but gives a much more positive outlook than the Telegraph suggests.

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