Sentences with phrase «is in a debt crisis»

The Tories claim the province is in a debt crisis, but that's not the case, said Helmut Pastrik, chief economist with Central 1 Credit Union.

Because if he admits we're in a debt crisis then he has to admit we borrowed too much when he was in office.»

The fact that the world is in a debt crisis has not undermined that argument.

If you are in debt crisis, read the guide to find out if it could be the right thing for you.

podcast: Dealing with debt — Creditcards.com columnist and CPA Sally Herigstad discusses what options you have when you're in a debt crisis... (See Debt)

Not exact matches

James Dean, an economist at Simon Fraser University who has studied sovereign - debt crises in Latin America, Asia and Europe over four decades, says one of the great paradoxes of sovereign debt is that countries can manage heavy burdens for a long time.

Since the recession ended in mid-2009, the economy has been expanding at sub-par rates as a string of problems from higher gas prices to Europe's debt crisis have acted as a drag on the U.S. economy.

Also, while consumer debt is falling and corporate debt is not yet at crisis levels, keep in mind that government debt has skyrocketed — ironically, as a response to slow growth in the global economic system.

The banking system has been weak for years as most institutions have failed to deal with the high level of bad debt in the wake of the financial crisis.

There are plenty of risks globally that could shock the Canadian economy, such as a renewed flare - up in the European Union debt crisis, or a slowdown in China's rampant growth, which is showing signs of overheating.

However, recently, the economic recovery seen in Portugal since the sovereign debt crisis has indeed begun affecting the way agencies such as Moody's and Standard & Poor's see the economy, indicating that in the near future more investors could be considering buying Portuguese bonds.

U.S. retail sales figures may well determine how Wall Street opens — as well as worries about Europe's debt crisis, concerns over the U.S. economy have also been behind the recent turmoil in markets.

The sell off in the market for high yield debt, or junk bonds, is now hitting a type of structured bond that is similar to the the type that blew up in the financial crisis.

Greece — still recovering from the euro zone debt crisis of 2011 — requested the current program in 2015 and it has since then been promised some debt relief.

America is in danger of experiencing a lost decade since the financial crisis, given its debt and political intransigence.

Oberhelman was sent to South America, a stint that coincided with the Latin American debt crisis and involved re-possessing equipment; and later to run operations in Japan.

In its latest study on private student loans, the Consumer Financial Protection Bureau completes what up until now has been a fragmented picture of America's growing student debt crisis.

In the past two years, the U.S.'s spring swoons could be attributed to new outbreaks in the eurozone debt crisis; this year, it's home - grown factors that are expected to weigh on growtIn the past two years, the U.S.'s spring swoons could be attributed to new outbreaks in the eurozone debt crisis; this year, it's home - grown factors that are expected to weigh on growtin the eurozone debt crisis; this year, it's home - grown factors that are expected to weigh on growth.

When the leaders of the world's major economies convene in Toronto on June 26, their schedule will be laden with big issues, from ending stimulus spending to the European debt crisis to the debate over a global bank tax.

China «[There is a] gathering sense that the next act of this rolling global debt crisis may well play out in the East.»

The eurozone's recovery from the sovereign debt crisis has been about improving situations in the economic bloc's peripheral economies like Italy and Portugal, and this new batch of uncertainty in Portugal's financial sector is not sitting well with investors.

«I am deeply sorry and blame myself for the negative impact of LeEco's debt crisis,» he said in the statement that was posted on his official WeChat account on Tuesday.

In other words, the combination of a reach for yield, tax incentives, and the belief that default is impossible all contributed to a debt crisis that is likely not going to end well.

Under former prime minister Stephen Harper's leadership, the group declared victory over the financial crisis too soon, wasting time in 2010 negotiating a pledge to narrow deficits and reduce debt that has since has been abandoned.

Morneau can risk expanding the deficit because the federal government's debt - to - GDP ratio is a relatively paltry 30 %, about half of what it was in the 1990s when Canada faced a fiscal crisis.

Many were optimistic about the future economic prospects in Lisbon before the sovereign debt crisis, but the crisis and corresponding austerity measures have stifled its economy.

With most of these debts being held by Chinese entities, it's unlikely we'll see a banking crisis in the same way we could have seen if Greece or Spain went belly up, said Lau — many foreign banks hold European bonds — but we've seen markets panic on far less worrisome Chinese news in the past.

That's also making Austrian bond yields spike, ushering in a new phase of the sovereign debt crisis from the East.

Despite Puerto Rico's debt crisis, the company is now in a position to consider manufacturing.

The agency noted that the U.S. is in a better position today to to meet its obligations to investors than it was during the debt crisis of 2011 because the U.S. gap between revenues and outlays is considerably smaller.

The giant ITER project in France, which pursues a magnetic fusion technique, has been delayed by huge cost overruns and the ongoing European debt crisis.

United States lawmakers will probably prevent the worst from happening — as they did in the debt - ceiling crisis — but nothing is likely to occur before November.

The Eurozone crisis could be ended tomorrow if the European Central Bank (ECB) announced it was going to launch a mammoth campaign to continue buying the bonds of troubled members of the European Community (EC) until growth in EC output and employment bailed them out of their debt burdens.

Even after the crisis hit, though, the company was still able to pay its bills The problem was the debt holders were able to call in their loans when revenue at the company fell past a certain point, which they did.

But analysts say more still needs to be done on structural reforms to rein in ballooning corporate debt, which has reached levels that the IMF and others have warned sharply raises the risks of a financial crisis.

Before policymakers and pundits conclude that the rise in student loans is the cause of the decline in rates of entrepreneurship among millennials — and decide that debt relief is the way to boost entrepreneurial activity among young people today — they should consider that waning interest in entrepreneurship predates the student loan crisis by many years.

With debt crises looming in the U.S. and the EU, central bankers are still hesitant to heed the advice of observers who warn (as the OECD did in a recent report), that rock - bottom interest rates have touched off problematic inflation.

The new finance chief of Spain also told CNBC that the southern European economy has been growing at a solid pace of about 3 percent in the last four years, but this doesn't mean that the problems raised during the euro zone sovereign debt crisis are over.

Portugal has been in financial trouble since the sovereign debt crisis of 2011.

Puerto Rico is grappling with the largest municipal debt crisis in U.S. history, with both its government and the public utility having filed for bankruptcy protection amid fights with creditors.

It was a sobering moment in the career of a woman who during 12 years in power became a symbol of stability, leading the euro zone during the debt crisis and seeking compromise within the European Union on a deal with Turkey to stem migrant arrivals.

Policymakers are fixated on the debt ratio in part because it was at above 160 per cent that households in the United States and Britain ran into trouble about five years ago, contributing to defaults and the financial crisis that triggered the 2008 - 09 recession.

Then there is the euro area debt crisis, slower growth in the economy, lawsuits over foreclosure practices, and impending adjustments to capital - reserve requirements.

In response to a journalist's question, the governor says he agrees with the view consumers are facing high debt loads today because they filled in the debt - accumulation void left when governments turned to austerity by shutting down stimulus measures to address fallout from the 2008 financial crisiIn response to a journalist's question, the governor says he agrees with the view consumers are facing high debt loads today because they filled in the debt - accumulation void left when governments turned to austerity by shutting down stimulus measures to address fallout from the 2008 financial crisiin the debt - accumulation void left when governments turned to austerity by shutting down stimulus measures to address fallout from the 2008 financial crisis.

It's now a truism that no country has ever escaped a debt crisis after such a steep and rapid rise in its overall debt level.

In 1998 you had a rolling crisis of sorts where lots of little problems (emerging market debt scares) eventually boiled over into one bigger problem (the Russian default) and then appeared to be rolling over into foreign markets with the LTCM debacle.

If you listen to the latest buzz, House Republicans are now thinking of triggering a crisis over the debt - ceiling debate, likely coming up in late October, rather than the federal budget.

The buffer is put in place to ensure that lenders do not get themselves into the same positions that they did during the financial crisis, protecting themselves from debt going bad and triggering another credit crunch.

Local efforts by GDB and other Puerto Rican debt issuers to reach a debt restructuring are running in parallel with plans in the U.S. Congress to draft legislation aimed at solving the island's economic crisis, possibly by allowing it to restructure debt and putting its finances under federal oversight.

Carney was quick and decisive in slashing rates during the crisis, more so than other central bankers, but the sustained period of low rates has led to a record amount of household debt and other problems.