S&P in warning to Belgium on deficit

first_imgTuesday 14 December 2010 9:30 pm whatsapp Tags: NULL whatsapp S&P in warning to Belgium on deficit Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proofcenter_img KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGem RATINGS agency Standard & Poor’s (S&P) warned Belgium yesterday it faced being downgraded if it failed to form a government within the next six months lowering its outlook to negative from stable. The warning came a day after the International Monetary Fund (IMF) told Belgium it needed to produce a strong deficit reduction plan soon. The warning from S&P is likely to fuel market speculation that Belgium could follow Greece and Ireland in needing an international bailout. The country has the third highest debt to GDP ratio in the European Union and has been without a government for six months following elections in June. The elections gave victory to the separatist N-VA party but it has been unable to create a working coalition.The political paralysis has led financial markets to demand a higher risk premium to hold Belgian debt, with the spread on Belgian 10-year government bonds over benchmark German bunds widening 10 basis points to 110 points on S&P’s warning yesterday. Show Comments ▼ Sharelast_img

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