public debt Archives - IREF Europe

Government over-indebtedness and evasive, unconvincing responses to it

Bob Lyddon — Wed, 21 May 2025 05:47:14 +0000

Introduction The scale and servicing cost of government debt are both rising. This will increase the amount of money that governments will have to suck out of economies over the…

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Europe’s Competitive Future, Continued Paralysis or Capital Markets Union and Greater Integration?

Claudia Zeller — Tue, 01 Oct 2024 03:17:38 +0000

In mid-September former ECB President Mario Draghi published a 400-page report recommending changes necessary to boost the EU’s competitiveness. Although couched in broadly positive language, the document did little to…

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A new world

IREF — Tue, 09 Aug 2011 17:51:24 +0000

The world is probably going to change after the recent downgrading by Standard&Poor’s of the US debt rating from triple A to AA+. Beyond the disturbing loss of the landmark Treasuries represented for global finance, what is important here is the awareness that even the biggest world economy is not allowed anymore to do just anything with public spending. The message is clear. The current crisis is actually giving the opportunity to put the political genie back in the bottle. It is now time to grasp this chance, but will political decision makers have the will to do it?

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190 714 500 000 €

IREF — Tue, 09 Nov 2010 11:34:53 +0000

This is the amount of increase of the French public debt from 2008 to 2009. It represents 10 GDP points. While making a lot of noise about the 22 billion…

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UK TaxPayers’ Alliance launches national ‘Debt Clock’ tour

IREF — Thu, 15 Apr 2010 10:15:11 +0000

The Debt Clock will tour around the whole country, stopping off at national landmarks and key cities to raise awareness of the national debt amongst the taxpayers who will have…

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Greece fears bankruptcy

IREF — Fri, 11 Dec 2009 08:36:11 +0000

The Fitch rating agency on Tuesday downgraded Greece's long-term debt ratings as well as those on four of the country's largest banks, describing prospects for Greek public finances as negative. Greece is now exposed to the risk of losing the small amount of credibility it still has in front of its creditors. The concerns are growing about its ability to pay its huge public debt, estimated to 110% of GDP and budget deficit above 12.7% of GDP. A look at the evolution of the external debt of Greece is illustrating the concern of credit rating agencies and international financial markets:

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Public Debt, Public Spending & Economic Growth

IREF — Fri, 27 Nov 2009 18:27:23 +0000

Public Spending and Growth by Patrick Minford and Jiang Wang

L’endettement de l’Etat: stratégie de croissance ou myopie insouciante ? - Pierre Garello, Vesselina Spassova (french and english versions available)

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