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Moody’s warns of ‘social unrest’ as sovereign debt spirals
Posted By admin On December 16, 2009 @ 9:53 am In Money Watch | Comments Disabled
London Telegraph 
Wednesday, December 16, 2009
Britain and other countries with fast-rising government debts must steel themselves for a year in which “social and political cohesiveness” is tested, Moody’s warned.
In a sombre report on the outlook for next year, the credit rating agency raised the prospect that future tax rises and spending cuts could trigger social unrest in a range of countries from the developing to the developed world.
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It said that in the coming years, evidence of social unrest and public tension may become just as important signs of whether a country will be able to adapt as traditional economic metrics. Signalling that a fiscal crisis remains a possibility for a leading economy, it said that 2010 would be a “tumultuous year for sovereign debt issuers”.
It added that the sheer quantity of debt to be raised by Britain and other leading nations would increase the risk of investor fright.
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URLs in this post:
 London Telegraph: http://www.telegraph.co.uk/finance/economics/6819470/Moodys-warns-of-social-unrest-as-sovereign-debt-spirals.html
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 Britain at risk of serious social unrest, report warns: http://www.prisonplanet.com/britain-at-risk-of-serious-social-unrest-report-warns.html
 Global employment crisis will stir social unrest, warns UN agency: http://www.prisonplanet.com/global-employment-crisis-will-stir-social-unrest-warns-un-agency.html
 UN Warns Of Sharp Increase In Social Unrest: http://www.prisonplanet.com/un-warns-of-sharp-increase-in-social-unrest.html
 Financial crisis could trigger social unrest, warns UN chief: http://www.prisonplanet.com/financial-crisis-could-trigger-social-unrest-warns-un-chief.html
 Moody’s credit ratings agency warns Greek debt crisis could spread to UK after three die in battle of Athens: http://www.prisonplanet.com/moodys-credit-ratings-agency-warns-greek-debt-crisis-could-spread-to-uk-after-three-die-in-battle-of-athens.html
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