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.
Critics warn the proposed law justifies environmental destruction by putting a price on natural resources and claiming substitutability. Read Here Photo: Mike’s Birds licensed under the Creative Commons Attribution-Share Alike 2.0 Generic
In the race for the European Parliament, politics are becoming transnational—and threatening the union from within. Read here
Ambulance workers went on strike today in the UK. The government wants to strip them of the right to strike. Read the article HERE.
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