International rating agency Standard&Poor’s has changed its outlook of Romania’s rating from stable to negative while affirming the country’s long- and short-term foreign and local currency sovereign credit ratings at ‘BBB-/A-3’. In reaction, Romania’s Liberal Government argues the action is fully based on the previous Government’s actions, although the rating agency questioned the incumbent Government’s fiscal consolidation stance as well.
In an interview with ProMarket, Harvard economist Dani Rodrik explained where globalization went wrong, how trade agreements serve rent-seeking by politically well-connected firms, and why the only solution to the rise of political populism is […]
The problem for Chaminda Jayanetti was that most of the areas in which PFI operates are “fake” markets with no true competition. “These markets are fake because they are entirely dependent on the taxpayer” Read […]
Money laundering is not an accident, aberration, or crime. It is an institution. Read here
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