EU bailout fund, EFSF, has been downgraded by Standard and Poors

[MMMarmite]

to AA+ from AAA.

So now even the bailout fund isn't considered safe. At what point does bailing out countries become just throwing good money after bad?

I think that we're long past that point.

Mr. Pants.

Well it just reminds me of the sketch on YouTube.

"How can broke economies lend money to other broke economies who haven't got any money because they can't pay back the money the broke economies lent to the other broke economies and shouldn't have lent it to them in the first place because they cant pay it back!"