The European Union was a noble dream, but as happens with most dreams, reality eventually sets in. It is simply not possible to maintain economic unity and a single monetary policy among a collection ...Read More
Government debt in 20 industrialized countries stands at $44 trillion. But it’s actually a lot more than that, according to a new report. After factoring in public pension and other retirement liabi...Read More
Beyond Greece, the world is filled with debt crises With its shuttered banks, furious public protests and iconoclastic politicians, the plight of Greece, brought to its knees by a crippling debt burde...Read More
By Adam Hayes, CFA | Updated March 08, 2016 Less than a decade ago, the world economy sank into the Great Recession: the deepest and most widespread downturn since the Great Depression of the 1920s an...Read More
Debt accumulation and default occur in cycles, says Carmen Reinhart The sample includes 125 countries. The 1934 defaults on official debt to the U.S. and U.K. governments (mostly WWI debt) are not inc...Read More