Debt News
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By AFP
Paris -
EU members Hungary, Poland, Portugal and soon Austria are strengthening ties with China by issuing attractive "panda bonds" that help Beijing raise its profile on international financial markets.
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By AFP
Rome -
Italy's Deputy Prime Minister Matteo Salvini said Tuesday he expected Brussels to slap Rome with a three billion-euro ($3.36 billion) fine over the country's rising debt and structural deficit levels.
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Men or women: who are fares better with money matters? New data pertaining shows that it’s men. This comes from a survey undertaken by STASH, who produce a consumer investment app. The survey marks financial literacy month.
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By AFP
Washington -
Rising corporate and government debt levels and the sharp increase in more risky lending could leave the global economy vulnerable to another severe downturn, the International Monetary Fund warned Wednesday.
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By AFP
Bejing -
Venezuela's self-proclaimed president Juan Guaido has promised China he will honour bilateral agreements and said he was ready to start a dialogue with Beijing "as soon as possible".
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By AFP
Johanesburg -
Mozambique's former finance minister Manuel Chang made a brief court appearance in Johannesburg on Tuesday after being arrested at the city's airport over alleged secret loans to Mozambican state companies totalling $2 billion.
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By AFP
Rome -
Italian lawmakers passed Saturday the populist government's revised 2019 budget before a year-end deadline, despite complaints from the opposition that it was dictated by Brussels and had been rammed through without debate.
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By AFP
Rome -
The Italian Senate on Sunday passed a revised 2019 budget agreed after a tense standoff with Brussels which saw the populist government water down key measures.
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By AFP
Havana -
Cuba's government admitted on Friday that it won't be able to pay all its debt commitments in 2019, blaming Hurricane Irma and United States sanctions for its woes.
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By AFP
Apo -
The EU and Italy on Wednesday called a truce in their bitter row over Rome's disputed 2019 budget, as the populist government agreed to put off signature reforms.
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By AFP
Rome -
Italy's government has reached a verbal agreement with the EU on the country's disputed 2019 budget following discussions with senior officials in Brussels, according to sources close to the government cited by Italian media Wednesday.
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By AFP
Atenas -
Greek lawmakers on Tuesday adopted the first budget free of foreign assistance in almost 10 years, predicting economic growth of 2.5 percent in 2019, better than the expected eurozone average.The budget includes 900 million euros ($1.
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By AFP
Paris -
European Economic Affairs Commissioner Pierre Moscovici said Tuesday he was working to avoid Italy being sanctioned over its 2019 budget, reiterating that Rome and Paris were not being held to two different standards.
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By AFP
Washington -
The International Monetary Fund board will meet to approve a new loan deal for Ukraine "promptly" after December 10, once the country implements key policy steps including raising gas and heating rates, IMF chief Christine Lagarde said Wednesday.
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By AFP
Male -
The Maldives foreign minister will visit Beijing before the end of 2018, officials said Wednesday, likely seeking to renegotiate the archipelago's Chinese debt.
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By AFP
Apo -
Exasperated eurozone finance ministers are expected to back Brussels in the row over Italy's budget on Monday, setting the stage for market turmoil not seen since the debt crisis.
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By AFP
Washington -
The International Monetary Fund executive board on Friday approved an increased loan package for Argentina worth $56 billion to help stabilize the crisis-battered country's economy and currency.The IMF said the approval released $5.
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By AFP
Washington -
The International Monetary Fund executive board on Friday approved a $56 billion loan package for Argentina to help stabilize the crisis-battered country's economy.The IMF said the approval released $5.7 billion to the government immediately.
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By AFP
Paris -
Italian Finance Minister Giovanni Tria said Thursday that his country was "not a problem" for the European Union, which he claimed could benefit from Rome's new budget strategy."Let me be clear, Italy is not a problem.
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By AFP
Milan -
A deadline loomed Monday for Italy to respond to EU criticism over its populist budget, which has drawn a costly downgrade from one credit agency amid fears for the wider eurozone.
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By AFP
Nusa Dua -
China's massive "Belt and Road Initiative" building push may create debt risks but is also responding to major infrastructure gaps in Asia and could boost global trade, World Bank officials say.
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By AFP
Washington -
The "financial enablers" of Venezuelan President Nicolas Maduro are profiting from the sale of resources belonging to that country's people, US Treasury Secretary Steven Mnuchin said Friday.
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By AFP
Rome -
Italy's powerful deputy prime minister Matteo Salvini said Saturday "I do not care" if the European Commission rejects a budget plan that would worsen Rome's already mammoth debt burden.
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By AFP
Milan -
The European Union on Friday issued a stern warning to Italy's populist leaders following their defiant pledge for increased spending and a sizeable budget deficit that risks putting Rome on a collision course with Brussels.
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By AFP
Milan -
Italy's populist government agreed Thursday on a deficit of 2.4-percent of gross domestic product in 2019, the leaders of the coalition parties announced.
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By AFP
Milan -
Italy's populist government agreed Thursday on a deficit of 2.4 percent of gross domestic product for the next three years in a move which risks setting Rome on a collision course with the European Commission.
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By AFP
Zurich -
The Bank of International Settlements said Sunday the global economy risked a "relapse" of the crisis that rocked it a decade ago, warning there was little "medicine" left to treat the patient a second time.
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By AFP
Apo -
Saudi Arabia's sovereign wealth fund said Monday it had secured its first ever international loan, boosting the kingdom's diversification drive after its flotation of state oil giant Aramco stalled.
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By AFP
Paris -
Italy must present a "credible budget" for the coming year, EU Commissioner Pierre Moscovici said Thursday, calling the anti-establishment government in Rome a "problem".
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By AFP
Bejing -
China's massive and expanding "Belt and Road" trade infrastructure project is running into speed bumps as some countries begin to grumble about being buried under Chinese debt.
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Debt Image
Federal Reserve G20 Data Display in Ratio Line Chart
Via Flickr / xJason.Rogersx
Student embraced by Grim Reaper of Debt DonkeyHotey
Comparison of debt in countries with the Euro as currency
New Jersey's baboon is finally captured.
President Barack Obama signs the Budget Control Act of 2011 in the Oval Office, Aug. 2, 2011 White House photo by Pete Souza
It’s always good to pay off your credit card debt, and with interest rates rising, what better time than now? Paul Vlaar
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