Sunday, June 7, 2015

Sunday roundup (06-07-15)

Greek bid for debt relief faces euro zone skepticism (Reuters)

Juncker vents fury over Greek bailout talks at G7 summit: Irate European commission president accuses Greek PM of undermining negotiations, and leaders agree to maintain Russia sanctions (The Guardian) EU chief rebukes Greece, demands swift debt plan (Reuters)

Clock ticking, Ukraine downplays importance of elusive debt deal (Agence France Presse)

States Confront Wide Budget Gaps Even After Years of Recovery (The New York Times)

     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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