A Greek default and exit from the eurozone might cost the UK the odd billion here and there, but the real risks are in a nervous banking sector and the devastating potential of Brexit.
Blessed are the bean counters? New investment in Greece could drive development.
David Dennis
I co-teach a freshman seminar at the University of Texas called “Debt: the Good, Bad and Ugly” that examines the different ways consumers borrow and spend. Do they reflect wise investments in the future…
A protest in San Juan against government cuts.
REUTERS/Alvin Baez
Pedro Caban, University at Albany, State University of New York
Puerto Rico’s economic woes have led some analysts to compare it to Greece. Paradoxically, Puerto Rico’s colonial status explains both its growth and the impending financial debacle.
The government will need to communicate clearly any changes to its optimistic economic forecasts.
AP/Lukas Coch
A call to break with the leadership of Greece’s ruling party has highlighted the futility of debt-led austerity and the burden it places on people on the wrong side of a banker’s bad bet.
Assistant Treasurer Josh Frydenberg’s figures were taken form the Intergenerational Report, but we should be wary of economic projections that claim to see 40 years into the future.
AAP Image/Joel Carrett
Any forecast 30 years ahead is fraught with uncertainty, so we should be wary of warnings Australia was on a trajectory of debt and deficit heading to 122% of GDP.
Game for a fight? Varoufakis arrives in Brussels.
EU Council Eurozone
Behind all the hand-wringing over financial executive pay is a desire to moderate risk-taking. Financial markets may already have the answer to hand.
It’s not all blue skies ahead for the Sunshine State’s economy, with declining gross domestic income per capita and higher unemployment than three years ago.
Dan Peled/AAP
Queensland has a new Labor minority government, led by Annastacia Palaszczuk, after the shock defeat of the Liberal National Party. Labor’s pre-election promises were “modest”, leaving many now wondering…
Families with children are hit hardest by the policy.
Nick Potts/PA Archive
David Cameron has announced plans to reduce the annual benefits cap from £26,000 to £23,000 per year if the Conservative Party wins the general election in May. He argues that the cap saved public money…
Queensland’s debt: is it sky high, or under control? An economist shows what you need to know to judge for yourself.
AAP/Dan Peled
How much debt is Queensland really in? How much of that debt can past Labor governments bear responsibility for, and has the current Liberal National government cut or added to it? And how does Queensland’s…
The longing of many debtors.
Kirsty Wigglesworth/PA Archive
Despite its role in bringing on the financial crisis, debt continues to plague many of us the world over (just ask the Greeks). In the UK the appetite for debt is undiminished, with the run up to Christmas…
Fast-spinning black holes don’t just exist in space – Queensland’s Liberal National and Labor parties are busy attacking each other’s strategies to cut debt, yet both have been guilty of having black holes in their plans.
NASA/JPL-Caltech
Author’s update, January 29: In the week since this article was published (on January 23), Labor has moved to address the funding “black hole” in its plans to reduce Queensland’s debt, mainly by adopting…