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DEBT

Greece returns to bond markets, says end of bailout nears

Two years after nearly crashing out of the euro zone, Greece returned to the bond market on Thursday with investors hungry for high returns scooping up its debt in a €3bn deal that could mark the beginning of the end of its bailout.

Regime Change in Ukraine and the IMF’s Bitter "Economic Medicine"

In the days following the Ukraine coup d’Etat of February 23, leading to the ousting of a duly elected president, Wall Street and the IMF–in liaison with the US Treasury and the European Commission in Brussels– had already set the stage for the outright takeover of Ukraine’s monetary system. The EuroMaidan protests leading up to “regime change” and the formation of an interim government were followed by purges within key ministries and government bodies.

Moscow to demand return of $20 billion debt if Kiev revives ‘zero debt’ debate

Moscow will reserve the right to demand the immediate payment by Kiev of the 20 billion U.S. dollar Soviet debt if Ukraine decides to bring back the “zero option” issue, the Foreign Ministry said on Monday, March 17.

Obama signs increase in U.S. debt ceiling

President Barack Obama signed legislation on Saturday that raises the U.S. debt limit through March 2015, taking the politically volatile issue off the table with congressional elections coming up this November.

Chicago is on the road to Detroit

By the most recent numbers, Mayor Rahm Emanuel's government owes $13.9 billion in general obligation bond debt, plus $19.5 billion in unfunded pension obligations. Add in Chicago Public Schools and City Hall's other "sister agencies" and you're talking billions more in debts that Chicago taxpayers owe.

US teeters towards debt default, cash could run dry by end of February

On Friday, America’s debt limit extension expires and Congress is expected to renew its legal $16.7 trillion debt cap. If the debt limit isn’t raised, the US could burn through its cash as soon as February 28, Secretary Treasurer Jacob Lew warns.

I.O.U.S.A. - America's Debt

A film that boldly examines the rapidly growing national debt and its consequences for the United States and its citizens.

I.O.U.S.A.: Byte-Sized - The 30 Minute Version

Local courts reviving 'debtors' prison' for overdue fines, fees

As if out of a Charles Dickens novel, people struggling to pay overdue fines and fees associated with court costs for even the simplest traffic infractions are being thrown in jail across the United States.

Mortgage Madness: Irish debtors see bankruptcy as way out

The crisis may be just about over in Ireland, but for Irish homeowners it's still tough keeping the wolves from the door. Up to 20 per cent of mortgage payments are overdue with families across the country being forced out when their homes are repossessed. 

Mortgage Madness: Irish debtors see bankruptcy as way out

Spanish banks' "bad loans" balloon to 50-year high

Spanish banks' bad loans hit the highest level for 50 years in October, data showed on Wednesday, despite the sector getting good marks from creditors as it exits its bailout programme.

Italy's pitchfork movement - waking the world up to a new reality

Peter Koenig, former World Bank economist shares his views on the Pitchfork movement in Italy, the crisis in Ukraine and the economic reasons for Europe's social problems.

EU 'betrayed Ireland over debt'

Europe has betrayed Ireland over commitments to ease the cost of saving banks, opposition politicians in the Irish Parliament have claimed.

The Debt Incest Cult

Max Keiser and Stacy Herbert discuss the debt incest cult operating on Wall Street in which JP Morgan's Sons and Daughters mate two units of related debt for four generations and thus spawning a deformed and cross-eyed credit market. In the second half, Max interviews Jeff Berwick of DollarVigilante.com about the great Bitcoin divide in the libertarian community and about the great migration from the USA to Mexico and beyond by Americans seeking more liberty and freedom.

Keiser Report: Debt Incest Cult (E536)

The Wild and Cruel Gap Between Debtors and Creditors

The word “inequality” is much in vogue these days. We hear almost daily about the inequality of wealth, income and wages between the richest top 2 or 3 percent of people and the majority of the country’s wage earners. But not much attention is given and not many marches and other protests are addressing the huge inequalities between creditors and debtors.

German cities pile up mountain of debt

The number of German cities threatened with bankruptcy has increased over recent years, with the gap between rich and poor areas growing, a study revealed on Tuesday.

Home repossessions 'are set to soar again' - thousands could lose properties when period of rock-bottom interest rates ends

The ‘benign period’ during which the number of families being repossessed or falling behind with their mortgage has remained exceptionally low ‘may be coming to an end’, the Council of Mortgage Lenders said yesterday.

Iceland's $1.25 bln mortgage write-down to boost recovery

For a role model in Europe, Iceland is leading the way having successfully got its finaces back on track. In the latest move - it announced a major write-down of mortgages.

Forgive & Forget: Iceland's $1.25 bln mortgage write-down to boost recovery

Ireland - Threat of second bailout still has not gone away

Resorting to a second bailout is a real possibility. Most of the reasons that gave rise to the belief that an on-schedule exit was impossible have not gone away. There are three major foreseeable risk factors over the next two years.

UK's personal debt level hits £1.4tn

Personal debt in Britain has reached £1.4tn – almost the same amount as Britain's national economic output – according to a report that warns debt is wreaking havoc on people's mental health and wellbeing.

Loan shark burned to death by debtor, who gets 10 years in prison

A man from Worcester has been sentenced to 10 years in prison for an arson attack that killed a man he owed money to.

Debt load of PIIGS countries far heavier now than four years ago

As the euro zone's weakest members crawl out of their longest recession in modern history, their prospects of recovery are weighed down by a crushing mountain of debt far heavier than before four years of financial crisis.

The downside of microcredit - Bangladeshi poor selling organs to pay debts

Microcredit, hailed as a saviour for millions, aims to break the cycle of poverty by stimulating income-generating activities through providing collateral-free loans.

But its repayment structure and the apparent inability of microfinance institutions to determine whether borrowers have multiple loans with other institutions rarely come under scrutiny.

US debt surges $328 billion in single day, surpassing $17 trillion for first time

Just one day after President Barack Obama signed into law a bipartisan deal to end the government shutdown and avoid default, the US debt surged a record $328 billion, the first day the government was able to borrow money.

People of Ireland begin criminal proceedings against leading Irish bank

An organisation which says it represents 1,000 members of the public lodged a summons with the High Court yesterday morning making a number of allegations against Bank of Ireland, including gross negligence and breach of contract.

'Manufactured' crisis cost US $24bn - S&P

Standard & Poor's says the shutdown in total cost the US economy $24 billion, or $1.5 billion per day, the rating agency said Wednesday. The agency also estimated the shutdown will pare fourth quarter GDP by 0.6 percent.

Jim Rogers: US is exceptional...it's largest debt nation in the world!

There may be progress in US over the government shutdown and debt ceiling, but it's not all good. The deal being talked about now wouldn't resolve the crisis - but rather kick the can down the road setting the scene for another budget showdown early next year. For more on this RT talks to investor Jim Rogers, author of 'Street Smarts - Adventures on the Road and in the Markets'.

Jim Rogers: US is exceptional...it's largest debt nation in the world!

Cash-for-Castles: Italy sells off historic sites to plug budget holes

A Grand Inquisitor’s villa, a Pope’s fort and a Venetian island will be sold off to fill Italy’s depleted state coffers, local media reports. It’s hoped the 50 historic sites will raise 500 million euros needed to obey strict EU austerity rules.

Floored by Debt

They are architects, engineers, shop owners, taxi drivers, public sector workers, sales assistants, office workers, self-employed tradesmen and small business owners. They cover the gamut of society and they’re all struggling with arrears on mortgages, rent, ESB bills, gas bills, personal and credit union loans.

World Bank: US days away from 'disastrous event'

The president of the World Bank has issued a stern warning to the United States as the political stalemate persists over the federal government's budget and debt ceiling, calling a potential default “a disastrous event.”

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