debt-sustainability
Top StoriesAnalysis-Debt-laden Italy Looks No Less Vulnerable as Rates Shoot Higher
Top StoriesUkraine Seeks Debt Payment Freeze as War Ravages Economy
Top StoriesS.Korea, Japan Foreign Ministers Meet to Tackle Historical Disputes
Top StoriesAnalysis-ECB Bond Aid Plan’s Fault Lines Exposed by Italy’s Political Crisis
Latest Research Finds That Government Debt Is Set to Soar a Record $71 Trillion in 2022
Date: July 15, 2022
In the most recent Sovereign Debt Index published today, British Asset Manager Janus Henderson predicted a 9.5% rise in global government debt. This aligns with similar trends of fresh borrowing, which is also set to remain elevated this year. In 2021, global government debt jumped by 7.8% to $65.4 trillion as countries saw borrowing debits....
Ten Years On, Italy Faces Debt Crisis Draghi May Not Solve
Date: July 15, 2022
By Francesco Canepa and Gavin Jones FRANKFURT/ROME (Reuters) – Ten years after Mario Draghi’s “whatever it takes” pledge saved the euro, Italy is once again in the middle of a debt crisis – but the country’s prime minister and former head of the European Central Bank may struggle to solve this one. Just like a...
Yellen Says Russian Officials Have No Place at G20 Meeting
Date: July 14, 2022
By Andrea Shalal NUSA DUA, Indonesia (Reuters) – U.S. Treasury Secretary Janet Yellen on Thursday said Russian President Vladimir Putin’s war against Ukraine was causing a negative spillover around the world and Russian officials had no place at this week’s meeting of the Group of 20 major economies. Speaking at a news conference on the...
IMF Chief Warns Natural Gas Disruptions Could Trigger Recession in Europe
Date: July 13, 2022
NUSA DUA, Indonesia (Reuters) – The global economic outlook remains extremely uncertain, the head of the International Monetary Fund said on Wednesday, warning that further disruption in the natural gas supply to Europe could plunge many economies into recession. In a blog published ahead of this week’s meeting of finance officials from the Group of...
Seething Sri Lanka Stops President’s Brother Flying Out of the Country
Date: July 12, 2022
By Uditha Jayasinghe and Devjyot Ghoshal COLOMBO (Reuters) -Sri Lankan immigration officials stopped the president’s brother and former finance minister Basil Rajapaksa from flying out of the country on Tuesday, as anger mounted over the island’s worst economic crisis in decades. It was not clear where Rajapaksa, who also holds U.S. citizenship, was trying to...
ECB’s Nagel Says Bond Spreads Are Fair Until Proven Otherwise
Date: July 12, 2022
FRANKFURT (Reuters) – European Central Bank policymaker Joachim Nagel raised the bar for an ECB intervention on the bond market on Tuesday, saying he assumed differences in yields to be “fundamentally justified” until proven otherwise. The ECB is working on a new bond-buying scheme to curb borrowing costs for Italy and other indebted countries in...