This plan is being applied. Question: How worried should we be about credit rating agency S&P’s negative outlook for the AAA rating of US debt? Is there a rising risk of higher long-term interest rates worldwide?
The ECB has always thought and said that it was important for all advanced economies, without exception, in Europe and the rest of the world, to be very keen on the sustainability of their long-term fiscal policies. It is extremely important that the authority of the signatures of the advanced economies is unchallengeable.