All told, the indebtedness of the US is around 300 percent of GDP and for Britain the figure is close to a staggering 500 percent of GDP. Are these countries merely illiquid or are they actually insolvent?
The economy is changing and with that change comes a whole new set of financial terms...
With a protracted period of 'payback' underway - we shouldn't be fooled into thinking that the small growth in the economy was avoidable.
Greece has been bailed out, in the form of a partial default. But European leaders are again lying about what they are up to.
The markets have already priced in a Greek default, it’s time the EU woke up to reality, says financier John Vax
Greek debt now yields over 23 percent. Default is all but certain
ECB rate rise signals a stronger euro versus the dollar, while the Portugal crisis may bring default closer
Plato's Allegory of the Cave could tell Europeans much about the futility of their approach to the euro
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