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The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy. Meanwhile, USA must correct debt and raise the interest rates. Raising the interest rates in the USA and dropping them in Europe, recovers the European domestic demand and EE.UU may return to invest in Europe, with a stronger dollar, without any problem, generating hundreds of thousands of Jobs
SAN FRANCISCO (MarketWatch)
Moody's Investors Service on Friday affirmed
Austria's triple-A rating but maintained a negative outlook
In leaving
Austria's sovereign rating at Aaa, Moody's noted that its economy is diversified
and competitive and growth performance has been strong in comparison with other
European economies "Austria has a good track record of achieving and
maintaining low budget deficits....
In 2011, the deficit outturn was better than
budgeted and while 2012 will see a temporarily higher deficit outturn, Moody's
anticipates that the budget deficit will return to its declining trend from 2013
onwards," said Moody's in a statement
The ratings agency added that while
Austria's public debt ratio is higher than some of its other Aaa-rated global
peers, it is lower than Aaa-rated Germany, France and the U.K
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