Category Archives: Debt Crisis

Central Banks Fighting Deflation Worldwide

Central banks in Europe, Japan and  the U.S. are fighting deflationary forces by easing monetary policy and financing government debt.  This may change their roles and expectations in the future as they move closer to the areas of fiscal policy … Continue reading

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Canadian Prime Minister Stephen Harper Doesn’t Want to Sound Alarmist But…

“I do think in a sense, here, I don’t want to sound too alarmist, but we are kind of running out of runway here,” Harper said Monday. “And in terms of structure of the eurozone and in terms of addressing … Continue reading

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Europe debt crisis triggers fall in oil demand

Within the OECD, European oil demand has taken a substantial hit. In aggregate, European oil consumption contracted at a rate of 272 thousand bpd or 1.9 percent last year. Similarly, crisis-struck Greece has seen its oil consumption rate contract by … Continue reading

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European Union in peril without reform, warns David Cameron

The European Union is in “peril” unless leaders grasp the “opportunity” presented by the single currency crisis to reform the institution, David Cameron has warned. ********** Read more here: http://www.telegraph.co.uk/news/politics/david-cameron/8890193/EU-debt-crisis-European-Union-in-peril-without-reform-warns-David-Cameron.html

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Fears grow over US pension crisis as Rhode Island’s debts are laid bare

Rhode Island’s debts have been woefully underestimated, with alarming consequences for cities across the US, says report. According to Rhode Island’s calculations, the unfunded liabilities for their local and state workers’ pensions total $9.2bn. Unfunded liabilities are the costs a … Continue reading

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Europe Banks Selling Sovereign Bonds May Worsen Debt Crisis

Banks are selling debt of southern European nations as investors punish companies with large holdings and regulators demand higher reserves to shoulder possible losses. The European Banking Authority is requiring lenders to boost capital by 106 billion euros after marking … Continue reading

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S&P’s Chambers Says One-In-Three Chance of More U.S. Downgrade

John B. Chambers, a managing director of rating company Standard & Poor’s, said today that there is a one-in-three chance of another U.S. debt downgrade in the future, but there will “probably” be no change until late 2012 or 2013. … Continue reading

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