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Moody's Fears Social Unrest as AAA States Implement Austerity Plans

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SOCIETAL ACRIMONY WATCH
"The world's five biggest AAA-rated states are all at risk of soaring debt costs and will have to implement austerity plans that threaten "social cohnesion", according to a report on sovereign debt by Moody's," the Telegraph reports. "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."
SOURCE:   Telegeraph

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