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.
We need to apologise. We had assumed that a scandal of this dimension would be covered by European mainstream media and thus felt we need not post an article. How wrong we were. Read here
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“A very detailed walkthrough of the big new left economic idea.” Read here
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