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Sovereign Debt Crisis

Escaping the Sovereign Debt Trap: The Remarkable Model of the Commonwealth Bank of Australia

Ellen Brown | Posted 05.25.2011 | Politics
Ellen Brown

Nearly a century ago, the Commonwealth Bank of Australia demonstrated that banks do not actually need capital to make loans -- so long as their credit is backed by the government.

European Bank Stress Tests are Tragic-Comedic Farce

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

A banking stress test based on public relations requirements rather than realistic financial and economic modeling may boost the stock price of major banks, justifying massive bonus payments to banking executives.

When Will the AA Batteries Run Out?

Bill Baker | Posted 05.25.2011 | World
Bill Baker

In China, the Dagong International Credit Rating agency may be rating the U.S. "AA" for now, but if the process of instability takes over as their latest report hints, we should expect the juice in this AA battery to run out.

DK Matai | Posted 05.25.2011 | Business
DK Matai

Editor's Note: This post has been removed from the Huffington Post....

Europe's Reckoning

Neil K. Shenai | Posted 05.25.2011 | Business
Neil K. Shenai

Tough as it may be to accept, we are all Greeks now. Better to come to terms with this uncomfortable truth than to live in a state of denial.

How Bad Is It? Greece, Panic and the Crisis of Confidence

Zachary Karabell | Posted 05.25.2011 | Business
Zachary Karabell

The problems of Europe are real, and political. But I doubt the current crisis will lead to much less partying on Mykonos this summer.

Are European Banks on the Verge of Destruction?

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

A chillingly realistic forecast of what may very soon be the next great global banking crisis.

Greek Debt Crisis Gets Steadily Worse Amid a Sea of Fiscal Deception

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

Athens had deliberately lied about the deficit so that Greece would be admitted into the Eurozone.

IMF Prepares for Financial Meltdown

Garrett Johnson | Posted 05.25.2011 | Business
Garrett Johnson

The IMF has been issuing warnings over the past couple weeks. If this massive expansion is a direct reaction to their recent statements, then we are looking at a severe financial shock in the near future.

The Ten Countries With The Riskiest Sovereign Debt (PHOTOS)

Posted 05.25.2011 | Business

The Telegraph reports that the Bank for International Settlements is warning investors of a looming sovereign debt crisis in the developed world. "The...

Will the Global Debt Crisis Lead to a Future Tax Hell on Earth?

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

When all else fails, the capacity to impose taxation on its citizens is the only recourse left to sovereigns for convincing bankers and investors of their credit worthiness as borrowers.

The Biggest Loser: Sovereign Debt Edition

Damien Hoffman | Posted 05.25.2011 | Business
Damien Hoffman

Micheal Ventrella was declared the winner of The Biggest Loser. In celebration of this accomplishment, I propose we solve the global sovereign debt crisis in the same manner: good 'ole fashion reality TV competition.

All Skewed Up

Max Fraad Wolff | Posted 05.25.2011 | Business
Max Fraad Wolff

In short, we need more robust structural change in the global economy. Absent structural reform, recovery will be skewed up and fragile in rising markets and falling markets.

Would a Default by Greece Be the Beginning of the End?

Dan Solin | Posted 05.25.2011 | Business
Dan Solin

Here's the Armageddon scenario: First Greece defaults, then Portugal, then Spain. Is the viability of the euro currency an issue? Rather than relying on predictions, there are some practical steps you can take to protect your portfolio.

DK Matai | Posted 05.25.2011 | Business
DK Matai

Editor's Note: This post has been removed from the Huffington Post....

Sovereign Debt Crisis Now Threatens the U.S. Economy

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

The massive increase in public debt in virtually every advanced economy has now given rise to the next phase of the global economic crisis.

U.S. Debt Rating Is Safe - For Now, Warns Moody's

Posted 05.25.2011 | Business

(By PAN PYLAS, AP) -- The United States and Britain are more likely than Germany and France to witness an embarrassing downgrade of their top debt rat...

UK Economic and Debt Crisis Approaches Dangerous Tipping Point

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

Amid the Greek debt crisis, a far more perilous threat to the global economy is becoming apparent: the financial crisis wreaking havoc on the UK's public finances, with no clear path to salvation.

Greece on Fire as Debt Crisis Ignites Eurozone

Michelle Chen | Posted 05.25.2011 | World
Michelle Chen

Greece is unraveling. Massive strikes, clashes with police, and more turmoil are on the horizon as the European Union imposes a draconian "austerity budget." But the other symbol of unrest reported last week--three bank workers killed in a bombing incident--reveals a new lethal turn in the Greek debt crisis.

Smoking Guns Are Beginning to Litter EuroLand, Sovereign Debt Buyer Beware!

Reggie Middleton | Posted 05.25.2011 | World
Reggie Middleton

There are broad indications hinting that Italy and Greece are not the only countries that have used SWAP agreements to manipulate its budget and d...

Credit-Default Swaps | Zachary A. Goldfarb and Steven Mufson | Posted 05.25.2011 | Business

Europe moved ahead of the United States on Tuesday in advocating new measures to ban certain types of financial speculation after concerns surfaced th...

Iceland's Referendum -- At Last the People Can Choose

Ann Pettifor | Posted 05.25.2011 | Business
Ann Pettifor

This referendum is about whether to authorize the government of Iceland to give a sovereign guarantee that the British and Dutch will be repaid -- including high, profiteering rates of interest.

Europe's Is Doomed To Crisis After Crisis After Crisis | Gregory White and Gus Lubin | Posted 05.25.2011 | Business

What's the real reason Greece is in so much trouble? Old people. The country has a massively generous pension system that's breaking the government...

Federal Pay Cut Is 'Only Way' To Conquer Deficit: Forbes | Brian S. Wesbury and Robert Stein | Posted 05.25.2011 | Business

If the United States were a large company, Brian Wesbury and Robert Stein write, "the solution would be a no-brainer: It would be time for a big pay c...

How Greece's Crisis Could Impact America

Ann Pettifor | Posted 05.25.2011 | Business
Ann Pettifor

If today's speculators bring down the Greek economy, they will likely blow up more debtor nations, and then in a cascading effect, turn on their main benefactors, the now heavily indebted British and United States governments.