Thinking global, living local: Voices in a globalized world

Read all posts for ‘sovereign debt’

  • No real austerity in Slovakia

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    Even in previous decades during years of high growth, Slovakia still ran up big deficits. To enter the euro area a country has to meet a reasonable set of criteria known as the Maastricht criteria. This means that a country which gives up its local currency must keep its deficit […]

  • INCRA: Germany’s Top Sovereign-Debt Rating Secure Only With Reform

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    Our colleagues at the Bertelsmann Foundation in Washington, D.C. have published a new INCRA report.  Serious risks to France’s rating; Italy cited for good euro-crisis management WASHINGTON, DC/BERLIN (November 20, 2012) – A downgrading of Germany’s top sovereign-debt credit rating can be avoided only if the country continues to implement fiscal […]