Sunday, October 12, 2014

Finland loses triple A – Economic

Finland loses triple A – Economic

Economic

Yesterday 16:28

 & # XE2 Finl; India loses triple A

Standard & amp; Poor’s downgraded on Friday the ‘rating’ Finnish in a level

Finland is no longer part of the select batch of countries with the highest rating in S & amp;. P, which yesterday lowered the credit rating of country’s debt from AAA to AA +.

The agency believes that the Nordic country faces economic and demographic challenges, which can cause problems in the budget front and debt reduction.

In reaction this announcement, the Finnish Prime Minister, Alexander Stubb, called for greater unity among political parties to develop a set of measures to lower public debt.

“Finland needs a medium-term plan for rescue the economy “, said Stubb, who went on to lead the government after the appointment of Jyrki Katainen to the European Commission in June. “The confrontation between the government and the opposition should not be an impediment to the realization of this plan,” he said

According to the S & amp;. P, Gross Domestic Product (GDP) is 6% lower that in 2008, while public debt is expected to double in the decade to 2017.

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