Dutch Triple A Status - Comment - Israel News | Haaretz Daily Newspaper
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    • Wim Prange
    • 09.08.11 | 17:43 (IDT)

    I'm Dutch, I know the propaganda, and it's utter BS. Our triple A status has never been in doubt and won't be for a long time. Our debt-ratio could go up much higher in these economic times and still be rated triple A. These creditrating agencies have a peculiar stance. When they see the debt-ratio climb, they start warning: get debt and deficits under control. Once a government starts implementing austerity measures, the warning becomes: because you implemented austerity measures, your economy will not be able to grow which means your debt will remain a problem. These creditrating agencies are using two economic models: classic economic theory before the measures (debt must be kept in control) and keynesian after the measures (most important thing is economic growth by stimulating demand)

    from the article: Take from the rich?
    First published 02:45 09.08.11 | Last updated 02:45 09.08.11
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