10.7.12

Egan-Jones: Υποβάθμιση Αυστρίας και Ολλανδίας

Ο αμερικανικός οίκος αξιολόγησης Egan-Jones υποβάθμισε την πιστοληπτική ικανότητα της Ολλανδίας και της Αυστρίας επικαλούμενος τη συνεχιζόμενη κρίση χρέους στην ευρωζώνη.
Συγκεκριμένα, ο οίκος αξιολόγησης υποβάθμισε την Ολλανδία σε «Α» από «ΑΑ-» και την Αυστρία σε «Α» από «Α-» με αρνητικό outlook και για τις δύο χώρες.
Σύμφωνα με τον Egan-Jones, όσο συνεχίζεται η κρίση της ευρωζώνης τόσο μικρότερη η πιθανότητα ανάκαμψης.
Πηγή: Reuters
http://www.naftemporiki.gr/news/cstory.asp?id=2207560

The Netherlands is among the European Union's top economies. However, the Netherlands has been shouldering the burdens of other EU countries and their banks via its exposure to the EFSF and indirectly via the ECB. The country's debt to GDP of 75% as of 2011 (expect near 82% for 2012) and a deficit to GDP of 4.7% is weak and is understated due to exposures to the EU periphery and the Netherland's financial institutions. On the positive side, unemployment was only 5.8% but will probably increase as many EU countries implement austerity measures. Other positives were the EUR48B balance of trade surplus and the EUR67B current account surplus as of the end of 2011. Inflation is near 2.5% currently (per the the Dutch Statistics Office) but is up from 0% in 2009 and will probably rise with monetization.

Same story - like Germany and The Netherlands, Austria is among the European Union's top economy. However, Austria has been shouldering the burdens of other EU countries and their banks via its exposure to the EFSF and indirectly via the ECB. The country's debt to GDP of 79.4% as of 2011 (expect near 85% for 2012) and a deficit to GDP near 3.0%, are weak and are understated due to exposures to the EU periphery and the Netherland's financial institutions. Unemployment was near 8% and will probably increase as many EU countries implement austerity measures. Other positives were the EUR9.4B balance of trade  surplus and the EUR10.6B current account surplus as of the end of 2011. Inflation is near 2.1% currently (per Statistik Austria) but is up from 0% in 2009 and will probably rise with monetization

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