If S&P had an agenda against high taxes and extensive welfare states they would downgrade the Scandinavians first. The vikings easily beat France in those categories yet they all have triple-A ratings.
These ratings are supposed to indicate "the capacity to meet financial commitments". I have read articles fearing a French collapse even in left-liberal newspapers here in Germany. Meanwhile nobody worries about Sweden or Denmark not being able to pay their bills.
These ratings are supposed to indicate "the capacity to meet financial commitments". I have read articles fearing a French collapse even in left-liberal newspapers here in Germany. Meanwhile nobody worries about Sweden or Denmark not being able to pay their bills.