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America’s Debt-Ceiling Debacle

America’s Debt-Ceiling Debacle

When Greece’s sovereign-debt crisis threatened the euro’s survival, U.S. officials called their European counterparts to express bewilderment at their inability to resolve the issue. Now, the tables have turned, with American leaders on the receiving end of such calls. The most recent threat of a U.S. debt default has been avoided, but only temporarily. Another […]

A Debt Ceiling for Austria

A Debt Ceiling for Austria

  On Whose Head Will the Debt Ceiling Fall, 18 Nov. by Hermann Sileitsch What is the best guarantee of a balanced national budget: a debt ceiling? No. It is responsible and strong-willed politicians. We are still waiting eagerly for evidence of this: […] Until now it has been impossible to predict on whose head […]

Struggle for a debt ceiling

The government is seeking to set a cap on the state’s annual budget deficits in the constitution, a change requiring a two-thirds majority in parliament. The move comes amid rising interest rates on Austrian bonds, while the credit rating agency Moody’s said that a cap would strengthen Austria’s creditworthiness, currently rated at “AAA”, the Austrian […]

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