Tuesday, 23 April , 2019

debt

Spain: Debt Wars against the South

According to data released by the Bank of Spain, the Spanish public debt exceeded in the first quarter of 2016 100% of Gross Domestic Product (GDP), for the first time in more than a century. Between January and March, the government accumulated a debt of 1.095 billion euros.

Puerto Rico: The Crisis Exposes Deception

Ten years of recession have made Puerto Rico’s government insolvent and made its economy collapse. The problems of Puerto Rico started before the global crisis emerged in Wall Street and now it contributes to making the crisis public but also, much more serious. Now, it is finally revealing the fiscal and economic failure of the colonial regime and it has caught the nation in a situation which appears impossible to solve.

Supreme Court Rejected Puerto Rico Law in Debt Restructuring Case

Last Monday The Supreme Court ruled against Puerto Rico regarding its Debt, and determined that the island cannot turn to Act 71 – which enables some Commonwealth Public Corporation in financial distress to restructure their debt obligations – striking down Puerto Rico law.

IMF issues warning over growing Chinese debt problems

The International Monetary Fund (IMF) has issued its clearest warning yet about the global implications of rising corporate debt in China. It came in the form of an address delivered by David Lipton, its first managing director, at a conference in Shenzhen at the weekend.

The ecological debt at the heart of climate issues

Now that the media craze surrounding the Paris Agreement has died down, it’s time to step back and ask ourselves what are the main reasons for the failure of these successive summits. Many of the problems are well known, particularly in activist circles, such as our leaders’ absolute belief of in unsustainable economic growth, as well as the way large multinationals and other lobbies insinuate into the hidden complexities of these negotiations.

Michael Hudson: The Financial Invasion of Greece

Economist Michael Hudson says IMF's concern about Greek debt is bogus, this is full scale financial war, forcing Greece give up ports, pensions, properties...

Greece – entering the looting stage of Capitalism

Germany’s Assault On The IMF By Paul Craig Roberts Having successfully used the EU to conquer the Greek people by turning the Greek “leftwing” government into...

I am not Greek! But is Schäuble a German?

By Dimitris Konstantakopoulos I usually work more than ten hours a day and most of the weekends. I am often happy with what I do...

Open Letter on the Critical Situation of Greece

Open Letter to the Heads of State and Government of the European Union who participated in the ‘Small Summit’ with Barak Obama David Cameron, François Hollande,...

What’s the future of Puerto Rico going to be like after...

Source TeleSur / The Dawn News Puerto Rico decided not to pay the 422-million-dollar-debt, the greatest one in the history of the island. It’s due...