Is having a monarchy better for your economy?

August 13, 2015

According to CNBC:

Countries that have a king or queen as a head of state are on average more creditworthy and have stronger balance sheets than republics, new data shows.

Sovereigns with a monarchy have an average credit rating of ‘A-‘ according to a new report from one of the largest ratings agencies, Standard & Poors, which rates 129 countries, 39 of which have a ruling monarch.

Nations without a king or queen have an average rating of around ‘BBB’ to ‘BBB-‘ around 3 rungs below that of the average monarchy…

“There is no difference between constitutional and absolute monarchies in our assessment…

To read the entire article in CNBC, please click here.

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