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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 […]

Italy Downgraded

On 4 Oct., the rating agency Moody’s downgraded Italy’s sovereign debt from Aa2 to A2, with a “negative outlook”, suggesting further downgrades could follow. In its report, Moody’s said the decision was driven by the debt crisis, which was causing a “sustained and non-cyclical erosion of confidence” in Europe and increasing “long-term funding risks” for […]

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