Posted by Matt in March 16th, 2010 |
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Published in
Financial Crisis,
Austerity,
Bud,
Execution,
Germany France,
Public Finances,
Risk,
Social Cohesion,
Sovereign Debt,
Spain,
Stimulus,
Tightrope,
Uk Germany
The world’s five biggest AAA-rated states are all at risk of soaring debt costs and will have to implement austerity plans that threaten “social cohnesion”, according to a report on sovereign debt by Moody’s.
The US rating agency said the US, the UK, Germany, France, and Spain are walking a tightrope as they try to bring [...]
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Posted by Matt in October 29th, 2009 |
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Published in
Russia,
Austerity,
Businessmen,
Consumer Spending,
Financial Crisis,
Foreseeable Future,
Global Financial Crisis,
Lifestyle,
Luxuries,
Profound Impact,
Russia,
Telegraph
The financial crisis has had a profound impact on the Russian lifestyle. Previously known as a high-spending hedonist, the average Russian consumer has slashed his spending on luxuries, even on basic items such as food. And, although businessmen are seeing green shoots of recovery, analysts warn that the new austerity is here to stay for [...]
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