Greece has remained the world’s riskiest sovereign debt for the second quarter running in the first quarter of this year, according to a report by independent credit market data provider CMA.
There could be about $100 billion of defaults in municipal bonds over the next five years, a report by Roubini Global Economics, the company founded by famous economist Nouriel Roubini, showed, according to the Wall Street Journal.
Risks that the troubles in Egypt may spread have increased and the uprisings have a negative effect on growth, as well as contributing to higher prices, economist Nouriel Roubini said.
The Swiss central bank confirmed it has excluded Irish government debt from a list of assets considered eligible as collateral for its repo deals – operations under which it lends money against collateral.
Call it one of the dirty little secrets of the education industry: When students can’t pay their loans, many schools manage (some would say, manipulate) default rates so they look better than they really are.
Germany is pushing to let hopelessly indebted governments do exactly that — admit they can't pay and hit bond investors with the costs instead of taxpayers.
Ireland has opened the door to a renegotiation with senior bondholders of its two nationalized banks despite previously opposing any such move. The FT reports.