Post Tagged 'Financial crises'

April 01, 2016

How should governments address sovereign debt?

Despite Greece being the current poster child for sovereign debt, national debt crises are nothing new and won’t be going away anytime soon. Governments habitually solicit capital loans only to default. Continue Reading...

July 09, 2015

Greece: By The Numbers

Greece’s economic problems are so vast, comprehension is difficult. Over at NPR, Greg Myre breaks it down for us. 25: The unemployment rate, and that’s probably low-balling. For those under the age of 25, the unemployment rate hovers around 50 percent. Continue Reading...

May 05, 2015

The Greek Economy: It’s Just Plain Ugly

Greece has had to deal with a very uncertain economic outlook over the past decade or so, but now it’s getting downright ugly. Greece owes over $1 billion this month in debt repayments, along with pensions, government salaries and other obligations. Continue Reading...

October 18, 2013

The Moral Complexity of Inflation and Default

As the US federal government sidled up to the debt ceiling earlier this week without quite running into it, one of the key arguments in favor of raising the debt ceiling was that it is immoral to breach a contract. Continue Reading...