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.
Related Articles
Thomas Fazi: The capitalists are circling over Ukraine
The war is creating massive profit opportunities Read HERE
Prem Sikka – The state still matters: Why the private sector doesn’t have all the solutions
When the UK private sector has been reluctant to embrace risks, the state has stepped in Read here
Politico: Greece faces €200M fine for failing to stop Chinese fraud network
We are seeing the break down of law as German imposed austerity drives nations to seek whatever revenue they can find. Passports and visas are sold, money is laundered, taxes can be avoided, import frauds […]
Be the first to comment