The coalition has long banked the credibility of its deficit reduction programme on the verdict of the global credit rating agencies, Moody's, Standard and Poor's and Fitch.
Mr Shaeuble suggested the recent downgrade of Italy's credit rating by Standard and Poor's may encourage it to speed up its own austerity measures to reassure markets.
The chancellor's speech comes as Standard and Poor's said it would hold the UK's credit rating at the highest possible level in light of its "wealthy and diversified economy" and said the outlook remained "stable".
"The endgame is a greater share of the consumer's wallet, " says Standard and Poor's Equity Research analyst Todd Rosenbluth.
"They know Verizon's lurking around the corner, " says Tuna Amobi, Standard and Poor's Research senior cable and satellite analyst.
Shares in Moody's, the ratings agency, and McGraw-Hill, which owns rival agency Standard and Poor's, have both tumbled since February, as investors have grown less attracted by the business of rating securities based on subprime mortgages.
"It was a little better than expected, " said David Wyss, chief economist at Standard and Poor's.
David Wyss, chief economist at Standard and Poor's, said the timing puts the figure under question.
In its report, Standard and Poor's said it had revised the way it grades sovereign jurisdictions.
"This industry is turning a corner, " says Standard and Poor's Senior Cable and Satellite analyst Tuna Amobi.
"People are going to realize that Qwest is too weak, " says Standard and Poor's Research analyst Todd Rosenbluth.
Standard and Poor's affirmed the financial strength of MBIA and Ambac shortly before the market closed on Monday.
Tisch liked to short stocks, but when he sensed systemic risk he sold Standard and Poor's Index futures.
Britain was not identified as a credit risk by Standard and Poor's in its report earlier this month.
These will turn into losses if the stockmarket falls another 20%, reckons Standard and Poor's, a credit-rating agency.
In 2000, Standard and Poor's Fixed Income Research made only one credit upgrade for every four credit downgrades.
It was the strongest performer on the Standard Poor's 500-stock index on Tuesday, and has gained 95% this year.
"The payments are staggered over the term, " says Tuna Amobi, Standard and Poor's Research senior cable and satellite analyst.
The Standard Poor's 500-stock index gained 7.32 points, or 0.6%, to 1285.50 Tuesday.
The Standard and Poor's 500 fell two points to 1, 500, trimming its advance for the month to 5.2 percent.
The thesis was true in 1990: then, over 90% of the world's poor lived in the world's poorest places.
ECONOMIST: Awkward questions about how best to help the poor
Standard and Poor's recently downgraded its outlook for Mohegan Sun because of the softness in the Connecticut gaming market.
The All-America linebacker's poor performance in Notre Dame's loss to Alabama in the national championship game certainly was a factor.
"I was surprised that Cablevision was that aggressive, " says Tuna Amobi, Standard and Poor's Research senior cable and satellite analyst.
Derby boss John Gregory made three changes in response to his side's poor showing in last weekend's 2-0 home defeat to Preston.
Credit ratings agency Standard and Poor's downgraded the company's creditworthiness in May.
Standard and Poor's, which earlier this year said GM had enough cash to get through 2009, now says the carmaker's position is more precarious.
In a misguided attempt to prop up house prices and prevent the next wave of bank failures, the Fed is destroying the value of the working poor's cash.
Standard and Poor's affirmed the financial strength of MBIA (nyse: MBE - news - people ) and Ambac shortly before the market closed on Monday.
Rating company Standard and Poor's raised the country's long-term sovereign credit rating from "stable" to "positive" last week, citing optimism about the government's ability to carry out structural changes.
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