Cool club becomes even more exclusive as France loses AAA credit rating from S&P amid mass Eurozone

[smurfy]

Austria also lost its AAA rating! Map in OP updated

[Contag]

[QUOTE=QueenElizebeth;34207021]Seems Fitch upgraded Australia from AA+ to AAA to join the other two on/around the 29th November 2011.
If anything, that's a good thing rather than a bad reflection on the country; in such turbulent times, we were being recognised as an economically stable country with a positive outlook and still are.[/QUOTE]

It's also interesting because we've had higher growth than the OECD average with far less debt.

Goes to show that a one-size-fits-all approach in economic theory isn't the best way to go.

[editline]15th January 2012[/editline]

And this is while having a high minimum wage, universal healthcare system, more social welfare than a lot of countries and heavy union involvement in industry.

[joost1120]

I am in the cool club.

[-Get_A_Life-]

:(

[Nanamil]

I do not accept being insulted by a bronie fag.

[Lizzrd]

[QUOTE=Nikota;34196828]And then, there was only Norway, Sweden, and Finland.[/QUOTE]Loadsamoney master race.

[QueenElizebeth]

[QUOTE=Contag;34207111]It's also interesting because we've had higher growth than the OECD average with far less debt.

Goes to show that a one-size-fits-all approach in economic theory isn't the best way to go.

[editline]15th January 2012[/editline]

And this is while having a high minimum wage, universal healthcare system, more social welfare than a lot of countries and heavy union involvement in industry.[/QUOTE]

It's important for any country to vary its economic policies according to the global situation; unfortunately, countries like America seem to prefer to have a constant Keynesian approach, rather than holding back just a little bit. Got them into the situation they're in today.

Yeah, it still blows my mind how we can spend so much on the welfare of our people and still retain such good economic standing. If I were to guess, I'd say it's due to our pretty low population levels. We're only catering for 23 million people - some American cities have that many people...