debt-sustainability
FinanceSbb Flags Improving Debt Market for Swedish Real Estate
BusinessArcelorMittal Wins UK Bid to Put Liberty Steel Subsidiary Into Administration Over Unpaid Debt
Top StoriesFrench Tightening Plans Credible, Dutch Want to Spend Too Much, Says Commission
FinanceEU Fiscal Rules Are a Security Risk, German Economy Minister Says
Germany Considers Reforming Debt Brake Amid Economic Challenges
Date: November 22, 2024
BERLIN (Reuters) – New German finance minister Joerg Kukies said on Friday that a moderate and targeted reform of the debt brake, which limits the public deficit to 0.35% of gross domestic product, was being discussed. Germany’s ruling Social Democrats (SPD) and Greens in particular have bristled at the spending rules at a time when...
UK Borrows Higher-Than-Expected 17.4 Billion Pounds in October
Date: November 21, 2024
LONDON (Reuters) -Britain borrowed more than expected in October, according to official data that showed the scale of the challenge facing finance minister Rachel Reeves who says she will fix the public finances as well as increase spending sharply. In October alone, public sector net borrowing stood at 17.4 billion pounds ($22.0 billion), the Office...
Spain’s Public debt-to-GDP Ratio at end-September Down to 104.4%
Date: November 18, 2024
(Reuters) – Spain’s public debt-to-GDP ratio fell to 104.4% at the end of September, the Bank of Spain said on Monday. The debt-to-GDP ratio at the end of September was lower than the 108.2% registered in June and also lower than the 109.9% in September 2023, the central bank said. (Reporting by Tiago Brandao,...
Intrum Files for Bankruptcy in US to Restructure $4.5 Billion Debt Pile
Date: November 16, 2024
(Reuters) – Intrum, Europe’s biggest debt collector, on Friday said it had filed for Chapter 11 bankruptcy in the United States in a bid to restructure its debt. The company has struggled as the pandemic, an energy crisis and two-decade-high interest rates failed to unleash a wave of loan defaults, with concerns mounting over Intrum’s...
German Opposition Leader Merz Says Debt Brake Can Be Reformed
Date: November 13, 2024
By Andreas Rinke and Maria Martinez BERLIN (Reuters) -The leader of Germany’s conservative Christian Democrats (CDU) Friedrich Merz said he could be open to reforming the debt brake, which limits the public deficit to 0.35% of gross domestic product, in certain circumstances. Merz, who is in pole position to become Germany’s next chancellor, had previously...
Analysis-German Government Collapse Could Have Silver Lining for Europe’s Markets
Date: November 12, 2024
By Yoruk Bahceli, Samuel Indyk and Danilo Masoni LONDON (Reuters) – The collapse of Germany’s government could have a silver lining for the euro zone’s ailing economy with potentially higher spending likely to support its currency and stock markets, even if the path remains uncertain. Markets are already moving in anticipation of more government borrowing...