A Big Three credit agency has slashed China’s credit rating for the first time in almost three decades. Moody’s thinks it will be hard for the world’s second largest economy to get debt under control in an era of slowing economic growth.
Barbados has been struggling with weak economic growth over the past decade, putting strains on its public debt and deficit. The ailing economy offers a cautionary tale for other small island nation states in the region.
American-German businessman Martin Richenhagen is far from happy about the Trump administration's aggressive trade policies. "We are surprised on a daily basis by strange initiatives," he told DW.
Italy’s new Finance Minister Giovanni Tria has said the government aims to stick with the euro and also cut debts levels. His words should help assuage fears of an Italian spending splurge and exit from the EU currency.
The European Central Bank wants to end its €2.4 trillion bond-buying program at the end of 2018, calling time on a policy that is credited with reviving the eurozone but may come too soon for some debt-laden countries.
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