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S&P Downgrades Credit Ratings in Eurozone Countries

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http://www.naturalnews.com/2017-08-11-new-fda-approved-hepatitis-b-vaccine-found-to-increase-heart-attack-risk-by-700.html
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Exodus 20:5  Thou shalt not bow down thyself to them, nor serve them: for I the LORD thy God am a jealous God, visiting the iniquity of the fathers upon the children unto the third and fourth generation of them that hate me;
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Author Topic: S&P Downgrades Credit Ratings in Eurozone Countries  (Read 1579 times)
Psalm 51:17
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« on: April 22, 2012, 05:14:21 pm »

Dutch elections loom as budget talks collapse
21 April 2012, by Gilbert Kreijger and Thomas Escritt - The Hague (Reuters)
http://www.reuters.com/article/2012/04/21/us-dutch-economy-budget-idUSBRE83K0G320120421

Excerpt:

"Elections are to be expected now. I will talk to parliament (on) how to get through this situation," Rutte told reporters on Saturday after talks collapsed over how and where to cut about €14 to €16 billion euros from the annual budget in order to bring the deficit below 3% of GDP.

The proposals up for discussion had included a broad pay freeze, higher value added tax, cuts to subsidies on mortgages and *an additional 5% rent increase.

----

The cuts are seen as essential if the Netherlands is to bring its deficit back below the European Union's target of 3% of GDP and ease concerns that it could lose its precious triple-A credit rating.

Earlier this week, ratings agency Fitch warned that the Netherlands, one of just four euro countries with a coveted triple-A rating, was on the verge of a downgrade in its credit status due to high debt.


*Negotiations fail Catshuis good news for tenants, 21 april 2012, Amsterdam (Blik Op Nieuws) (google trans from Dutch) http://tinyurl.com/7ff5owo

ORG: http://www.blikopnieuws.nl/bericht/143508/Mislukken_Catshuisonderhandelingen_goed_nieuws_voor_huurders.html

Also see:

Citigroup Says Netherlands No Longer Part of Euro-Area Core
26 March 2012, by Jurjen van de Pol and Fred Pals (Bloomberg)
http://www.bloomberg.com/news/2012-03-26/netherlands-no-longer-belongs-to-euro-area-core-citigroup-says.html
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