Table 1: Consolidation requirements to stabilise debt over the long-term  2  BIS central bankers’ speeches  We know that assessing sovereign credit risk is particularly difficult.
It is a matter of evaluating, not only from an economic but also from a political perspective, the capacity and determination of a country to attain and maintain a primary budget surplus necessary to stabilise the debt-to-GDP ratio. One important factor is also the capacity to sell other financial and real estate assets in order to reduce the debt level.