Moody's downgrades EU rating outlook to 'negative' Moody's on Monday lowered the European Union's long-term issuer rating outlook from stable to negative, saying the move reflected credit risks of the bloc's key budget contributors.
French lawmakers vote to cut pay of president, PM French lawmakers voted Thursday to reduce the salaries of President Francois Hollande and Prime Minister Jean-Marc Ayrault by 30 percent as part of a series of budget-cutting moves.
2013 budget cuts are likely: MassimovPrime-Minister Karim Massimov told the Parliament that Nursultan Nazarbayev had instructed to consider "a negative scenario for 2012".
Kazakhstan ready for a new wave of financial crisisHowever, should the crisis be lingering, we will have to review approaches to the budgeting process: Samruk – Kazyna Sovereign Wealth Fund Vice Chairman of the Board.