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"Austria Does Not Deserve an AAA Rating"

Published: January 29, 2011; 00:24 · (Vindobona)

The chief economist of the American Citigroup, Willem Buiter, also denies Austria, alongside the U.S. and the UK, the right to the AAA rating.

"Austria Does Not Deserve an AAA Rating" / Picture: © Flickr

In an interview with the daily newspaper "Der Standard", Willem Buiter shows himself critical about the international financial markets. The economist expects state bankruptcies for Europe, something which will take place in his opinion in Greece and Ireland. It is "historically normal" that state bankruptcies…

This article includes a total of 165 words.

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