France is apparently following the example of Ireland and Hungary and seizing pension funds.According to eFinancialNews, the French parliament passed a law last week allowing 36 billion Euros to be seized from the French reserve pension fund to be used…
Posts Tagged ‘deficits’
France, Ireland and Hungary Seize Pensions As Part of Move By Governments to Use Long-Term Assets to Fill “Short-Term Deficits”
November 29th, 2010 |
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Wilmar says key Asian markets have sugar deficits
July 6th, 2010 |
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Wilmar International, buying Australia’s biggest sugar refiner, said key Asian markets suffer from deficits of the sweetener and its purchase will help expansion plans in Indonesia.
Wilmar is willing to spend as much money as Sucrogen, acquired for A$1.75 billion ($2.08 billion) from CSR Ltd., needs for its expansion plans, Chief Executive Officer Kuok Khoon Hong told reporters at a conference in Singapore today. Wilmar plans to build 200,000 hectares (494,210 acres) of plantations in Indonesia’s Papua province within 5 years, Kuok said.
G20 agree to halve deficits by 2013
June 28th, 2010 |
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Leaders from the Group of 20 rich and developing economies have pledged to halve their respective budget deficits by 2013. But, with many nations at different stages of recovery, there was a decision to leave it up to individual countries to tailor their own policy choices.
Theme of the Day: Massive Deficits, Debt Overhang and Rising Bond Yields
March 26th, 2010 |
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The theme of the day is the horrible U.S. fiscal outlook, massive debt overhang, and rising bond yields.Alan Greenspan told Bloomberg:The recent rise in Treasury yields represents a “canary in the mine†that may signal further gains in interest rat…
Alarm spreads over Europe’s massive deficits
February 7th, 2010 |
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The swelling public deficits in Portugal, Spain and Greece have plunged the eurozone into the biggest crisis in its 11-year life, presaging years of belt-tightening, analysts warn. It is a vicious financial circle; the more fears over deficits and debts grow, the harder it becomes for the
Deficits (and Massive Debt Overhangs) DO Matter
November 24th, 2009 |
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The New York Times has a good essay on debt:But that happy situation, aided by ultralow interest rates, may not last much longer. Treasury officials now face a trifecta of headaches: a mountain of new debt, a balloon of short-term borrowings that come …
Sheldon Filger: U.S. Treasury Sweating Bullets over Financing Swelling Deficits
July 29th, 2009 |
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The warning is crystal clear. Before the onset of the current financial and economic crisis, the U.S. had structural deficits measured in the hundreds of billions of dollars.