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No real austerity in Slovakia
Written by Tibor Blažko
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 […]
Read all posts for ‘sovereign debt’
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INCRA: Germany’s Top Sovereign-Debt Rating Secure Only With Reform
Written by
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 […]
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Greece’s Withdrawal from the Eurozone Could Cause Global Economic Crisis
Written by Thiess Petersen
Bertelsmann Foundation warns of extensive domino effects Greece’s exit from the Euro bears the risk of kindling a wildfire throughout Europe and possibly even on an international level and may result in a worldwide economic crisis. Countries affected would include not only Southern European nations or EU members, but also […]
