Downgrades and the fear of them prevent much-needed public spending during the pandemic, writes Ramya Vijaya.
COVID-19: Credit Ratings Punish Poorer Countries for Investing More in Health Care
Tag: Standard & Poor’s
Muscling What’s Left of Democracy
The Standard & Poor’s rating agency has downgraded European countries in a move that may force the governments to crack down more on their populations and divert more money to wealthy investors, thus helping the super-rich short-circuit what’s left of democracy,…