…bailout is across the news wires. From the WSJ: Germany is considering a plan with its European Union partners to offer Greece and other troubled euro-zone members loan guarantees in…

…Department has one: It can keep funding the government through the sale of consol bonds. In simple terms, a consol bond is one that never matures. A normal bond commits…

…issues mentioned. Perhaps you have better ideas? Addressing Rising US Debt by Karen Dynan Econofact, The Issue: United States Federal debt rose sharply after the Great Recession. At 98% of…

G. has to leave the Eurozone. No not Greece Germany. Germany and a bunch of small Northern countries use the undervalued Northern Euro as their currency while we use the…

…for the euro area. According to the statement on the asset side of the consolidated balance sheet of the euro area monetary financial institutions (MFIs): the annual growth rate of…

…trillion for bonds vs. about $1 trillion for equity. The bonds included both bonds denominated in foreign currency as well as local currency debt. These flows had constituted significant amounts…

…trillion for bonds vs. about $1 trillion for equity. The bonds included both bonds denominated in foreign currency as well as local currency debt. These flows had constituted significant amounts…

by Joseph Joyce   The IMF and Sovereign Debt   The continuing inability of the Eurozone economies to break out of their current impasse means that any optimistic projections of…

The Euro has weakened substantially against the dollar over the last few months. Probably the two main reasons are the weak economies of many European Union countries and the recent…

…long-term nominal rates and the natural real rate. A little more context for the Euro recession… Great Britain started to contract in 2010 before the Euro benchmark rate was raised….