Fitch Affirms Luxembourg at 'AAA'; Outlook Stable

My Orchids. Phalaneopsis "AAA". Photo ET

Fitch Affirms Luxembourg at 'AAA'; Outlook Stable

A couple of excerpts:

.....with a five-year average general government surplus of 0.6% of GDP, and a low gross general government debt/GDP ratio of 23.4% at end-2015 ....

....we estimate the 2015 general government surplus at 0.4% of GDP due to lower expenditure from postponements in investment projects and moderated public wages.....

Now put those two quotes together, and consider the recent opinion polls that are disastrous for the coalition government. Those are good news finally. Because an international agency says that public wages are moderated, and we have a very low debt/GDP ratio. Rejoice, we can borrow (cheaply because of the AAA) us out of the political down and raise public wages just in time in 2017 before the 2018 elections. A done deal!