The agency added that the independent financial watchdog, the Office for Budget Responsibility, which was set up by the coalition government, had helped strengthen the country's fiscal institutions.
People need to wake up and begin to demand fiscal accountability from institutions of higher learning so that future generations have the ability to access higher education and therefore the American Dream.
The euro can be saved, at least for a while, Tory bigwigs believe, but the costs will be high: new institutions, fiscal transfers and sharper wage differentials.
Guillermo Perry, the World Bank's chief economist for Latin America, says Chile is better placed than any other country in the region to absorb external shocks, thanks to its well organised budgetary institutions, prudent fiscal management (a surplus every year since 1989) and tight banking supervision.
Asia also has more qualitative political and institutional characteristics such as improved central bank credibility, maturing political institutions and seemingly more sound fiscal policies than most of the West, the BlackRock Investor Institute says.
Among other things, financial institutions tend to benefit from looser fiscal policy which Credit Suisse says will be in place for some time.
FORBES: Credit Suisse Speaks Sweetly About JPMorgan, HSBC And Club Med Banks
Now, as is clear from Thursday night's summit statement, these common institutions are to oversee a selective "fiscal compact".
More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned when we assigned a negative outlook to the rating on April 18, 2011.
The idea is to write fiscal discipline into national constitutions and harness the EU's institutions to punish profligacy and excess.
ECONOMIST: Britain had a bad summit, but the euro zone had a worse one
The leaders outnumbered institutions because the survey included those whose tenures began or ended during the fiscal year.
Under the proposals, European institutions already operating in Greece should be given "certain decision-making powers" over fiscal policy, a German official told the Reuters news agency.
Two major shocks then aggravated that fiscal restraint: the Asian financial crisis, which pummelled exports, and the collapse of several big financial institutions.
To increase liquidity, financial institutions will be allowed to invest in inflation-indexed bonds issued in the first half of the fiscal year, the central bank said.
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