Greece needs to fully complete its current bailout program before the country receives any relief on
its huge debt pile, the new Eurogroup president told CNBC.
Greece and its creditors appear to be one step closer to reaching a final agreement on the restructuring of the country's
huge debt pile, according to Eurogroup President Mario Centeno.
Not exact matches
The budget highlights the
huge imbalances created by five years of economic crisis: Spain will set aside $ 36.6 billion ($ 49.5 billion) to service its fast - rising
pile of public
debt, $ 2 billion more than it will spend on the 13 government ministries.
These low rates have encouraged investors in recent months to
pile on risk, taking U.S. equities markets to record highs earlier this year despite an economy that's still being slowed by relatively high unemployment,
huge debt levels, and tighter government spending.
We're now left with a
huge amount of
debt and it keeps on
piling up.
The question for me is, would I rather have a
HUGE pile of cash and small mortgage
debt (after all I have been paying it down a little each month for so many years), or a tiny
pile of cash and no mortgage at all?
I am virtually
debt - free, except for a
HUGE pile of student loans (around $ 55K in bhoth public and private) that I can't seem to make a dent in.