Monday 13 June 2011

Botswana Holds Off Unions, Keeps Top Africa Credit Rating, Moody’s Says

Bloomberg:
"The attitude to the strike “signals to us that the government is very serious about its budget strategy,” Lindow said. “The easy thing would be to give in."

"They’ve been hit hard by the crisis, but they’ve bounced back,” Lindow said. “They have ambitions to reduce very substantially the size of spending relative to GDP. That’s what we’re trying to ascertain, whether that will indeed happen and how soon."

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