Saturday, September 13, 2014

Saturday roundup (09-13-14

Draghi warns euro states must continue structural reforms: ECB president calls for more ambitious structural reforms (The Irish Times)

EU's Moscovici calls France's missed deficit targets a 'serious problem' (Reuters)

Veiled Criticism for France as Ministers Stress Eurozone Stability (The New York Times) Euro zone ministers upset by broken French budget promises (Reuters)

Sweden's Turn Left Could Deal A Blow To European Austerity (The Huffington Post)

Leadership Team Overseeing Portuguese Bank Resigns (The New York Times blogs)

China August industrial growth hits 6-year low (The Wall Street Journal)

[In the United States,] Unofficial Problem Bank list declines to 435 Institutions (Calculated Risk blog)

     The aim of this blog is to show (mostly from reports in mainstream respected news sources) that there is reason to believe that both the United States and the global economies remain fragile in the wake of the financial crisis of 2008 and that a number of threats exist today that could, if they worsened, bring about economic depression -- not just a minor depression, but a depression worse than the Great Depression. Key threats include excessive risk-taking by financial firms, unchecked by effective regulation; the continued existence of "too big to fail" institutions; and most especially, the amassing of levels of public and private debt which could become unsustainable.

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