Posts Tagged ‘sovereign debt’

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    Aging Benefits

    Apr 26, 12 • 547 Views • No Comments

    When you combine better health care with generous pensions you get (choose one): happy retirees happy politicians insufficiently funded national pension programs the eurozone the United States other   To select an answer let’s begin with 1935. Just......  [read more]

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    Default Deja Vu

    Nov 2, 11 • 416 Views • No Comments

    Between its independence in 1829 and 2006, Greece has had 5 defaults or debt reschedulings that occupied a total of 50.6 years.  Described by Rogoff and Reinhart in their 2008 paper and book, This Time It’s Different, few nations break out of a......  [read more]

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    Greece and Argentina

    Oct 25, 11 • 640 Views • No Comments

    Nobody wants Greece to become Argentina. It all began with what scholars Rogoff and Reinhart called the lending boom of the 1990s. Enjoying the influx of dollars, Argentina borrowed and grew and prospered…for awhile.  But when recession hit at the end......  [read more]

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    Debt Compromises

    Jul 23, 11 • 466 Views • No Comments

    This story is about a country that had massive debt. A recent war had been expensive and the economy had big problems. Still though, powerful political leaders opposed the solution that the Secretary of the Treasury proposed. Yes, the country is the United......  [read more]

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    Mixed Euro Zone Metaphors

    Jul 19, 11 • 440 Views • No Comments

    In this Economist podcast, journalists describe the euro zone debt crisis with a wonderful array of metaphors. (Directly and indirectly, I quote what they said.) Minnows: The smaller peripheral nations in the euro zone, Greece, Ireland and Portugal are......  [read more]