Category : Debt crisis
Phil Lowe Governer of RBA has explained the debt risks faced by China, denouncing the fast piled up debt since 2009 and its opaque financial system.
United States national debt exceeds $21 trillion for the first time in history.
"We have forgotten, as a society, that real goods and services have a real cost."
The measure includes various provisions that affect consumers, including one that might make it easier to get a mortgage at their local bank or credit union.
Interest rates, which influence the cost of borrowing, are on the rise after the Federal Reserve kept them near zero for years.
Do you feel as if you’re drowning in debt? It’s worse than you think.
Americans are in a borrowing mood, and their total tab for consumer debt could reach a record $4 trillion by the end of 2018.
Huffington Post Italia leaked a government proposal late Tuesday showing that populist parties had drafted plans to ask the European Central Bank for debt forgiveness of €250 billion ($300 billion).
Argentina is to start talks about a financing deal with the International Monetary Fund (IMF) on Wednesday amid reports it is seeking $30bn.
Today, the national debt stands at more than $21 trillion.