Friday, November 6, 2015

Friday roundup (11-06-15)

Significant Divisions Remain Between Greece and Its Creditors Over Reforms: More than two-thirds of reforms implemented, EU says, but those that remain present challenges for the government (The Wall Street Journal) No accord yet on Greek debt payment, EU sources say (Agence France Presse)

Problematic loans at Italian banks rise to 361 bln euros (Reuters)

Japan economy likely fell into technical recession in third quarter (Reuters)

     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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