www.euronews.net Hungary’s debt ridden state owned airline Malev has ceased operating after running out of money. Hungarian Prime Minister Viktor Orban said the decision to ground the country’s flag-carrier was made after aircraft were not allowed to take off from Tel Aviv and Ireland because of unpaid debts. Last month the European Union said the carrier has to pay back 130 million euros of state aid it had received.
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Debt grounds Hungary’s Malev
Remember when the US hiked its debt ceiling on Friday courtesy of a formulaic 52 affirmative votes in the Senate, giving the Treasury $1.2 trillion in dry debt powder to attempt to grow the economy one more time according to …
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Prison Planet.com » US Adds $120 Billion In Debt Since Debt …
Remember when the US hiked its debt ceiling on Friday courtesy of a formulaic 52 affirmative votes in the Senate, giving the Treasury $1.2 trillion in dry debt powder to attempt to grow the economy one more time according to …
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US Adds $120 Billion In Debt Since Debt Ceiling Hike On Friday …
www.euronews.net Greece says it has all but concluded a crucial debt relief deal with its private investors. The agreement would see those investors swap their Greek government bonds for new ones of a lower value, with a longer repayment period at lower interest rates. Finance Minister Evangelos Venizelos said now they focus on convincing the EU and the IMF they can deliver the promised spending cuts and reforms
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Greece close to debt swap deal
Both Yglesias and Krugman bring this up to point out that all the alarums about public-sector debt are being raised in isolation from total debt trends, and the risk of “deleveraging” the economy too rapidly.
Yep, Obama made this the ” Debt Generation.” His 'welfare mother' of a wife, Moochelle the whale, is helping to destroy our economy by having over-paid servants in our White House.
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'Obama' Generation Becomes 'Debt' Generation | Conservative Byte
www.euronews.net Portugal has become the next big worry for investors who see it as following Greece into debt trouble.
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Investors switch debt focus to Portugal
www.euronews.net In a race against the clock, talks resumed on Thursday between Greece and its debtors. They are haggling over how much of a loss those investors are prepared to accept on the Greek government bonds they bought. Athens needs a deal quickly to avert a chaotic default which would trigger a banking crisis in the eurozone and beyond.
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Greece in last chance debt talks
President Obama railed against dysfunction on Capitol Hill during his State of the Union address, blaming gridlock in Washington for the economy's sluggish performance in the past year. The president demanded a series of …
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First Read – Obama: Debt ceiling fight contributed to poor economy
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