{"id":432866,"date":"2010-03-16T04:24:43","date_gmt":"2010-03-16T08:24:43","guid":{"rendered":"http:\/\/www.businessinsider.com\/moodys-the-us-and-uk-will-be-fine-its-just-that-the-coming-spending-cuts-will-start-riots-in-the-street-2010-3"},"modified":"2010-03-16T04:24:43","modified_gmt":"2010-03-16T08:24:43","slug":"moodys-the-us-and-uk-will-be-fine-its-just-that-the-coming-spending-cuts-will-start-riots-in-the-street","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/432866","title":{"rendered":"Moody’s: The US And UK Will Be Fine, It’s Just That The Coming Spending Cuts Will Start Riots In The Street"},"content":{"rendered":"

From The Telegraph<\/a>:<\/p>\n

The US rating agency said the US, the UK, Germany, France, and Spain are walking a tightrope as they try to bring public finances under control without nipping recovery in the bud. It warned of “substantial execution risk” in withdrawal of stimulus.<\/p>\n

“Growth alone will not resolve an increasingly complicated debt equation. Preserving debt affordability at levels consistent with AAA ratings will invariably require fiscal adjustments of a magnitude that, in some cases, will test social cohesion,” said Pierre Cailleteau, the chief author.<\/p>\n

“We are not talking about revolution, but the severity of the crisis will force governments to make painful choices that expose weaknesses in society,” he said.<\/p>\n

Read the whole story at The Telegraph ><\/a><\/p>\n

Join the conversation about this story »<\/a><\/p>\n

See Also:<\/b><\/p>\n