Creating a bubble has been a way to solve
their public debt problem — and to pay off political insiders at the same time, thereby killing two birds with one stone.
Portugal has addressed
its public debt problem — the deficit was 9.3 % of GDP in 2009 — with a 5 % pay cut for public sector workers earning more than $ 1,500 a month and an increase in VAT.
Not exact matches
The Spanish government has been noteworthy in its pursuit of well - directed actions to address Spain's
debt and banking - system
problems, and the Spanish
public has demonstrated an understanding of the need for austerity and reform measures.
Of course, fiscal policy also has its limits, since an excessive buildup of
public debt can create its own
problems for both the economy and the financial system.
Despite promises by event organizers and local bid committees, and expectations by the
public that the event will solve some of their daily urban
problems, host cities often end up with unwanted or unused facilities and saddled with
debts that will take decades to repay.
In a sweeping speech on the future of Europe, Macron also repeated his desire for the euro zone to have its own budget and finance minister but said his idea was not about «mutualising past
debts» or about trying to «resolve the
public finance
problems of one state or another».
«Before the crisis,
public debt was fairly low, and while private
debt — and in particular mortgage
debt — was a
problem, private sector deleveraging is happening quickly.»
The
problem at hand is to make these conditions a new normalcy — that of paying
debts, and re-defining solvency to reflect a nation's ability to pay by selling off its
public domain.
In 2008, banks persuaded governments to «solve» the
debt problem by taking bad bank
debt onto the
public balance sheet and then bailing out the banks.
After very
public battles over the nation's
debt limit and a government shutdown that shouldn't be a
problem.
The most common of these generalisations is that high levels of
public debt in the EU periphery are the overall cause of the Union's
problems.
However, throughout the second half of the 20th Century, national
debt and
public sector borrowing emerged as a structural
problem in most developed economies, with large deficits being run year after year, as the role and «size» of the state has grown.
The country is currently going through an International Monetary Fund (IMF) programme aimed at helping to stabilise the economy, after GDP growth had slumped in 2014 due to falling commodities prices, high inflation, fiscal
problems and a soaring
public debt.
Demos, a
public policy organization, released new polling results on college affordability that shows, among other things, that 92 percent of respondents believe that student loan
debt is a serious
problem in America.
It's suffered from an aging population and massive
public debt — similar to the
problems most western countries are only just starting to experience.
The
problem there is that people would accrue all this
debt, then find they couldn't stay in these
public sector careers because they didn't pay well.»
Because low interest rates and quantitative easing — the buyback of
public debt to help spur growth in the area's troubled countries — has caused high - quality stocks to rise without actually fixing the Eurozone's
problems.
FOI laws were created to allow individuals to access
public data held by the Federal Government, and since the IRS is part of that Government, you can use Freedom of Information Requests to see how they calculated your back taxes owed, how they've determined what penalties, fees, fines, and interest should apply to your
debt, and look for
problems that would allow you to reduce or even wipe out the money that they're demanding.
And the cumulative nature of the greenhouse
problem, which makes it more similar to the national
debt than a conventional pollution
problem, is not comprehended by the
public.
Financial services companies turn to Steve for advice on strategic matters, including mergers and acquisitions, capital planning,
public and private securities offerings, loan sales and
debt placements, branching, bank operations, FinTech matters, and
problem asset resolution.
Yet one would think that, unlike some of the more abstract
problems (say that of
public debt and the appropriate level of government spending) which might not affect anyone in particular (important though they are important for us collectively) and so attract few people's attention, the
problems of access to justice not only impact real people every single day, but may indeed affect anyone at some point in one's life, whether personal (say because of a divorce) or business.
These issues might be straightforward
problems like mould in
public housing driving respiratory
problems or
debts that create anxiety and prevent people meeting their health costs.
Malan, which first went
public in 1994, also cited its own
debt problems, impediments to the redevelopment of its property in Farmington Hills, Mich., and the recession as factors in its decision.