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Your world at risk. How the impossible becomes the inevitable.

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Austerity plans threaten “social cohesion” in US, UK, Germany, France, and Spain

Posted by Matt in March 16th, 2010 | no comment 
Published in Financial Crisis, , , , , , , , , , , ,

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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Russia Now: The financial crisis has had a profound impact on the Russian lifestyle – Telegraph

Posted by Matt in October 29th, 2009 | no comment 
Published in Russia, , , , , , , , , , ,

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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