Tuesday 14 February 2012

I've Totally Just Worked Out the Rangers Thing

Scottish football is dominated between two great rivals that both have strong links to the Northern Irish Troubles. There's Glasgow Rangers who are mainly supported by Protestants and Glasgow Celtic who are mainly supported by Catholics. Yesterday (13/2/12) Rangers applied to go into administration over unpaid debts particularly a disputed tax bill. Ultimately they could go bankrupt and the club would disappear. However what's far more likely is that they will go into administration restructure their debts and cut their costs before carrying on as usual.

Also yesterday the credit ratings agency Moody's put Britain's credit rating on negative outlook. This means that due to the Europe wide recession they think that if the situation doesn't improve they may have to put Britain on negative credit watch. If the situation still doesn't improve they then may have to cut Britain's credit rating from AAA to AA.

Normally governments are given 24 hours notice of this sort of move before it is made public. So the Rangers story was Britain's way of discreetly leaking the news.

Today (14/2/12) a junior British government minister is visiting Jordan to discuss the Abu Qatada extradition that has been blocked by the European court over torture concerns. Normally what Britain would do in these circumstances is deport Qatada to a third party country and then if the Jordanians managed to arrest him in that third party country that would be Qatada's problem. However the case does give Britain a pretext to make lots of diplomatic visits to Jordan who are a key player in the Arab League over Syria.

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