Monday, May 29, 2017

Monday roundup (05-29-2017)

Even Angela Merkel’s political rivals are on her side against Trump (The Washington Post)

We need a new defence strategy – Donald Trump has hung Europe out to dry: The rip in the global order may only last four years, but the US president’s latest speech leaves European powers with little choice (The Guardian)

Greece calls for debt relief deal in June, says lenders have no excuses (Reuters) Greece: Creditors must deliver on promise to lighten debt (The Associated Press) Greece warns recovery threatened if debt deal is blocked at next talks: Athens calls for clarity from Brussels before meeting of creditors, hinting country could be thrown deeper into recession (The Guardian)

Hidden Debt, Hidden Deficits [in the United States]: HOW PENSION PROMISES ARE CONSUMING STATE AND LOCAL BUDGETS (Hoover Institution)

     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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