Blog Report: BOSNIA ECONOMY WEAKNESS LINKED TO POLITICAL INSTABILITY, By Ambassador Muhamed Sacirbey
Bosnia & Herzegovina is above “default” but its debt carries one of the lowest “credit ratings” in the non-investment grade range (or what some call “junk” quality) – “B” from Standard & Poor’s, my initial home on Wall Street three decades earlier. The rationale for such rating is diverse, but the foundation is an unstable, overburdened, too costly and too contentious political system. –More–
http://diplomaticallyincorrect.org/blog_post/bosnia-economy-weakness-linked-to-political-instability/54890Image