Saturday, December 3, 2016

Saturday roundup (12-03-2016)

Italy in race to seal €5bn bank bail-out (The Telegraph)

Greece needs reforms, not debt relief: Germany's Schaeuble (Reuters)

Why The Fragile Stability in Greece May Not Last Much Longer (Newsweek)

Christmas debt warning [in the UK] as high street stores charge 30% interest on credit cards: Charges are nearly 120 times the Bank of England base rate – sparking fears people could face bills they cannot afford due to festive shopping (The Mirror)

     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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