Government debt

Los Angeles is one of the most populous cities in the United States, and a large city requires a large government presiding over it. To be able to handle the large infrastructure that Los Angeles requires, L.A needs a great financial system in place to make sure the tax money that citizens of L.A is being used in a way that best serves the entire community. L.A is a city that has had budget deficits consistently over the last decade, reaching as high as 400 million dollars in 2008. According to the

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financial markets exerted pressure, which made the economy being vulnerable. At the beginning of the sovereign debt crisis, the budget deficit of Greece was erected at 13.6% from 12.7% (Eurostat, Euroindicators, 22/2010, 22 April 2010) and the external debt at 127% of the GDP (Eurostat, Euroindicators, 60/2011, 26 April 2011). In order to to deter a default on its sovereign debts, the government of Greece agreed on a loan by Eurozone states and the International Monetary Fund (IMF). The loan agreement

Greece government’s debt has been around since 2010. The countries surrounding Greece are now worried that it may affect them. The economy in Greece started getting worse after United Stated had its crisis in 2007. Since Greece entered the Eurozone changes in the economy, financial stability, and employment had caused Greece to go into more debt, but it could have been avoided if Greece would have not entered the Eurozone. There are several events that led to Greece being bankrupt, but for a better

In the second quarter, Italy suspends its debt repayments following the collapse of the Monti administration and differences with the IMF and other Eurozone leaders. The ECB is likely to increase liquidity provision and work with Eurozone governments to protect their banking sectors. However, Eurozone leaders remain unable to agree crucial policies in time to stem the contagion from Greek and

The European sovereign debt crisis, which made it difficult or impossible for some countries in the euro area to repay or re-finance their government debt without the assistance of third parties (Haidar, Jamal Ibrahim, 2012), had already badly hurt the economies in “PIIGS”, Portugal, Ireland, Italy, Greece and Spain. This financial contagion continues to spread throughout the euro area, and becomes a dangerous threat not only to European economy, but also to global economy. Although a commonly

The supply of general gross debt for advanced economies increased significantly over the past years compared to that of emerging economies, especially after the onset of the financial crisis as illustrated in the graph below: The above general advanced economies debt supply has been absorbed by demand from both foreign and domestic investors, however, the demand composition of these investors has changed significantly for some countries compared to others since the onset of the financial crisis as

any other developed country, Japan is facing the problem of mounting government debt. Japan’s public debt has currently exceeded one million billion yen (243% of GDP). Although 90% of this debt is held domestically, it has reached an extremely high level. By way of comparison, the portion of debt held domestically is 70% in the United Kingdom, 47% in the United States and 35% in Germany. In order to cut the deficit, Japan government is introducing a series of increases in sales tax to 10% in 2015. Addition

His biggest recent success was in persuading—some say paying—Lebanon’s rival parties to come together in November to form a unity government after months of deadlock: the emir is said to have virtually locked the Lebanese leaders in a room and told them to come out only after they had done a deal. Sudan’s government and rebels have made headway towards peace under the emir’s aegis, with President Omar al-Bashir several times visiting Qatar, despite requests by the International

This chronic and growing public budget deficit has generated pressures on domestic savings and increased the share of domestic savings that directed to cover the growing public deficit at the expense of investment spending share. Ratios of public budget deficit to demand for domestic savings fluctuated around upward sloping trend. This ratio recorded 40%, in average, with standard deviation 14.5% during the considered period. Panel (a) in figure (3) shows that despite ratio of investment spending