Defense Spending in Germany
- Published: May 2010
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Fiscal Coordination Between EU Sovereign and Subnational Governments Plays Key Role in Reducing Deficits and Enhancing Creditworthiness Mar 04
Fiscal Coordination Between EU Sovereign and Subnational Governments Plays Key Role in Reducing Deficits and Enhancing Creditworthiness Mar 04
- Published: March 2004
- Standard & Poors
FEATURED COMPANIES
- Austria (Republic of)
- Denmark (Kingdom of)
- Spain (Kingdom of)
- Sweden (Kingdom of)
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Abstract
Budgetary challenges within EU member states have focused attention on the sustainability of the European Stability and Growth Pact. Portugal, Germany, and France have been subjected to the European Commission's Excessive Deficit Procedure, and Italy may be so in 2004 (see Standard & Poor's July 9, 2003, commentary article entitled "How Tinkering With the EU Stability and Growth Pact Could Weaken Eurozone Sovereign Ratings," available on RatingsDirect, Standard & Poor's Web-based credit analysis system). Devolution of taxation responsibilities to subnational governments (SNGs) in a number of member states, and the existing political and taxation autonomy of some SNGs in others, may hamper the ability of member states to meet their obligations under the pact. The Excessive Deficit Procedure and the...
Companies mentioned in this report are:
- Austria (Republic of)
- Denmark (Kingdom of)
- Sweden (Kingdom of)
- Spain (Kingdom of)
- Germany (Federal Republic of) (Unsolicited Ratings)
- Belgium (Kingdom of) (Unsolicited Ratings)
- Italy (Republic of) (Unsolicited Ratings)
Standard and Poors RatingsXpress Credit Research provides in-depth
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- Austria (Republic of)
- Denmark (Kingdom of)
- Sweden (Kingdom of)
- Spain (Kingdom of)
- Germany (Federal Republic of) (Unsolicited Ratings)
- Belgium (Kingdom of) (Unsolicited Ratings)
- Italy (Republic of) (Unsolicited Ratings)
| Format | Properties | |
|---|---|---|
| Electronic | The report will be emailed to you. |
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