Finally a Realistic Way to Get Debt Relief
www.FT.com The size of Spain’s debt crisis has exposed the limits of the ECB’s longer-term refinancing operation. Martin Wolf, chief economics commentator, James Mackintosh, investment editor, and Victor Mallet, Madrid bureau chief, talk to the FT’s Daniel Garrahan about why the debt crisis hasn’t been brought under control. For more video content from the FT, visit the Financial Times video section at: www.ft.com
The Greek crisis isn’t just a local phenomenon; debt is a deadly global trend. Will Tim be able show his cardboard comrade that Greece’s woes affect us all, or will he get distracted by celebrity bowling? Find out right now! RT on Twitter: twitter.com RT on Facebook: www.facebook.com
There were quite a few videos on the subject, but none really explained the issue very well. My biggest gripe was that they didn’t provide any context behind debt. So if people don’t even understand how money and debt work, how the hell are they going to understand the debt crisis? If you’d like to learn more about finance and all that Jazz. head over to the website, like the video and please subscribe! www.thefinancialreality.com The Global Debt Crisis
Should financial products be subject to the same kind of consumer protection and quality control as other products like pharmaceuticals? Virtually every product that can be bought and sold is covered by regulations and often there is issues related to social benefits. The crash of 2008 has demonstrated that the current financial system is rife with social detriment. Or, is finance simply different from other products and markets? CrossTalking with Glen Weyl, Patrick Young and Arnold Kling on March 14. CT on FB: www.facebook.com
European Union leaders Friday signed the region’s new fiscal pact, adopting strict new rules on deficits and debts, even as some members warned a tougher economic environment is challenging their fiscal commitments, David Roman reports on Markets Hub.
www.euronews.net European leaders are holding their 17th summit in two years as the bloc battles to resolve its sovereign debt problems. In Brussels 26 of the 27 members are expected to sign up to a fiscal treaty including a balanced budget rule written into constitutions. However Britain will not be included as its government has rejected the move. Then there is the creation of a permanent rescue fund. Everyone is expected to sign a treaty creating the European Stability Mechanism – which is due to become operational in July.
The problems in the European Union have not had much of a negative effect on the global stock markets since December 19, 2011. Earlier today, Italy had successful bond auction, however, the unemployment level in Spain increased again. The problems in Greece and Portugal remain unresolved and the markets do not seem to care. The roller coaster ride called the Euro-zone debt crisis is now having less effect on the major stock indexes. We have seen this complacency before when it comes to the European Union, then when investors least expect it the problems erupt again. Investors should realize that the European debt crisis is not over by a long shot.
The series resumed Friday 13 Jan. 2012 when Barbadian Tourism Minister Hon. Richard Sealy spoke on “The Effect of the Euro-Zone Debt Crisis on Tourism and International Business” at the “Errol Barrow Gallery”, DLP Headquarters, ‘Kennington’, George Street, Belleville, St. Michael
www.euronews.net Another round of strong US economic data — including growth in the labour market — lifted the US dollar against the euro on Friday with the single European currency under pressure due to fears that the region’s debt crisis will hurt the global economy As well as having been at 16-month lows against the dollar and the pound it was at the weakest in 11 years against the Japanese yen.
While individual careers may be flourishing, whole countries are drowning in debt. Next, we head to New York, where the Resident asks people in the streets for tips on what should be done to rescue the global economy. RT on Twitter twitter.com RT on Facebook www.facebook.com