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March 30, 2024 (EIRNS)—The credibility of rating agencies is lower than that of Pinocchio, but this time Moody’s has launched a correct warning: with rearmament, some national debt levels are going to be unmanageable.

On March 29, Moody’s issued a warning that there is a debt risk for NATO countries, with Italy and Spain particularly exposed. The race towards rearmament in NATO countries “will complicate debt reduction efforts and could weaken their credit profile,” exacerbating social conflict, said the U.S. ratings agency Moody’s, reported by Italian news agency ANSA.

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