Sentences with phrase «year debt crisis»

Separately, NDTV reports, «The largest bookstore in Greece with 118 years of history, Eleftheroudakis, will be closed on September 30 due to the seven - year debt crisis.»

During the 1980s, Africa has been joined by Latin America, whose decline dates from 1982, the year the debt crisis began.

Meanwhile, investors continued to weigh whether a second, massive bailout for Greece would succeed in containing a two - year debt crisis dogging Europe.

Not exact matches

Following years of economic troubles in the wake of the sovereign debt crisis of in 2011, Portugal, Spain and Italy have managed to turnaround their economies.

European leaders and voters have been fighting a debt crisis for seven years.

The seeds of Greece's current debt crisis were sown years ago.

Student debt in the United States reached a record $ 1.31 trillion last year, emphasizing a student loan crisis that has drawn attention from both political parties.

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.

That year was a rocky one for markets, with the European Union debt crisis spooking investors and fund managers alike.

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 growth.

Unlike the years before the crisis, the global consensus now is that governments should be agnostic when it comes to fiscal policy; too much debt is problematic (Greece, Spain, etc.), but it can take more than a balanced budget to inspire business confidence and get executives to spend.

We've seen that before: The bill that averted a debt - ceiling crisis earlier this year — by temporarily suspending the borrowing limit — would have frozen Congressional pay if the House or Senate had failed to pass a budget by April 15 (lawmakers would have received their salaries anyway at the end of the current legislature).

The economy has registered one of the strongest performances in the euro area in the last few years — after the troubles seen during the sovereign debt crisis.

For the past seven years, growth has serially disappointed - sometimes spectacularly, as in the depths of the global financial and euro crises; more often than not grindingly as past debts weigh on activity

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.

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.

He'd best prepare for a frightful year: Germany will likely continue its gradualist approach to combating the sovereign debt crisis — even if it means taking the rest of the continent to the brink and beyond.

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.

It has climbed about 9 percent from a low of $ 1.2050 hit in July last year amid a debt crisis in Spain.

Yields in the $ 14 trillion market for U.S. government debt touched record lows in 2016, driven by years of aggressive central bank intervention in the wake of the 2008 - 2009 financial crisis to keep interest rates low to stimulate the economy.

Earlier this year, Soros said China's debt - fueled economy reminds him of the United States ahead of the financial crisis.

The geopolitical risks that have been swirling around the globe this year are as bad, or worse, than the prospect of Greece defaulting on its debt, and yet, the European debt crisis regularly pummelled markets.

The European debt crisis threatened to pull apart the euro zone only a few years after the world endured the greatest financial calamity since the Great Depression.

If they don't happen, the U.S. risks a debt «affordability» crisis in the 10 years after that.

Around five years after Rogers wrote that, the 2008 - 2009 global economic crisis delivered what should have been a crowbar - to - the - head message about debt: Too much debt is bad.

«Think about the political crises over the last few years — sequestration, fiscal cliff, debt ceiling — that all turned out to be non-events.»

«As the U.S. economy slowed and Europe's debt crisis worsened, investors sought the safety of Treasuries and sold the bonds PIMCO had bet on, leaving the fund trailing 89 % of competitors in August and 67 % this year through Sept. 8.»

The rouble has weakened some 30 percent versus the dollar this year, as Western sanctions over the Ukraine crisis have made it harder for banks and companies to refinance foreign currency debts and as tumbling oil prices have hurt government revenue.

China is still vulnerable to a debt crisis, but if President Xi can continue to restrain and frighten the vested interests that will inevitably oppose the necessary Chinese economic adjustment, he may in the next one or two years be able even to get credit growth under control, before debt levels make an orderly adjustment impossible.

A broader measure of their FX debt — including (cross-border) FX loans — has also grown faster than GDP but such lending did fall sharply in the years immediately after the crisis.

Below is a chart showing national debt as a percentage of GDP going back to the founding of the U.S.. Although we've seen periodic spikes in response to national crises, the debt could soar to unprecedented levels within the next 10 years.

Things look equally bleak based on metrics typically used by investors to evaluate a borrower's ability to make payments: In Asia and Latin America, companies» debt now represents roughly four years of operating profits, up from fewer than two years prior to the financial crisis of 2008.

Mr. Martin averted a major fiscal crisis, eliminated the deficit in three years, reduced the government's debt, strengthened the Canadian banking system, and reformed the Canada Pension Plan.

«It would be a mistake to think it would be just contained to Greece,» he said, noting that policymakers had been wrongfooted in recent years by contagion from the sub-prime debt crisis.

Amid an emerging markets debt crisis in 1998, the Fed cut interest rates to try to guard the United States against economic fallout, which helped the stock market gain a whopping 29 percent that year despite the global troubles.

Based on the March 2013 Budget forecast, it will have taken the Government eight years to offset the fiscal impact of the 2008 — 2009 financial crisis (an increase in the federal debt of $ 172 billion).

«The student loan debt crisis is having a serious impact on our economy, the largest since the mortgage foreclosure crisis,» contends Illinois Attorney General Lisa Madigan, whose office has been tracking the student loan industry for years and drafted the bill that Rauner spiked.

It's important to point out that successful management of the debt crisis in Europe and the avoidance of significant tax increases next year in the U.S. are important assumptions in our forecast.

Making matters worse is the government's management of the crisis; over the past year, it has persisted in upholding its debt payments, but has now hit a brick wall as its foreign reserves have dwindled to US$ 9 billion.

After more than two years of financial crisis, international bailouts, a huge debt writedown and Europe's harshest austerity program, Greek voters have been given a chance to hit back at the parties that got them into this mess.

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.

During this two - year crisis investors have continually called on the ECB and euro area leaders to «fix» the debt issue: by wiping out half of Greece's debt, by protecting Italy's access to debt markets through bond purchases, or by suggesting a levered EFSF, the euro area's rescue vehicle.

But even if the ECB does bend to the will of the bond markets this year, and begins to buy sovereign debt directly, the single currency is left with all of the same weaknesses that existed prior to the crisis: the inability to tailor interest rate policy for each individual economy, the lack of foreign currency adjustment needed to offset differences in competitiveness, and growth - limiting trade dynamics throughout the area.

In reaction to the polls, the spread on French five - year government bonds rose to its highest level since the eurozone debt crisis.

While both the Oakmark International and International Small Cap Funds had acceptable investment performance in the fourth quarter of 2011, the full year was not good for global equities or for our two Funds, as natural disasters (first in Japan, later in Thailand) and Europe's sovereign debt crisis took their toll.

When the year started, we were staring at a looming budget sequestration, a lingering debt crisis in Europe, and a slowdown in China.

If the American government can not resolve its debt crisis, it will face a fiscal cliff at the start of the year.

Mar 14, 2017 It's been a couple of years since Greece found itself in a seemingly unsolvable debt crisis.

In the last few years we've had a housing bubble, a credit bubble, runaway government spending, soaring gas prices, a global recession, high unemployment, the risk of a U.S. debt default, a fiscal crisis in Europe, and the threat of severe inflation.