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Chill wind blows for triple A nations


“The world is a different place now. We have seen Spain and Ireland lose their triple A status this year, and the UK could be next if the government doesn’t fundamentally address the underlying situation with increased fiscal rigour.”

S&P’s decision on the UK was based on concerns that government debt could grow to unsustainable levels and have ramifications for the country’s economy.

rigor 厳しさ,厳格

ramification 分岐点

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