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Grenada Back in Default

Mar 13, 2013

S&P has returned Grenada’s credit rating to SD from CCC+, it says, sending it back to the level where it was before an October upgrade to CCC+....

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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