Tag: sovereign debt crises

Thomas J. Sargent speaks on Euro Crisis

Gambling for Redemption and Self-fulfilling Debt Crises

General government net financial liabilities as % Portuguese, Italian, Greek, Spanish and Irish GDPs

I had borrowed a lot of money from scratch after 2007. Greece borrowed a lot of money of its own accord from 2010. Italy always owed a lot of money. Spanish do not know all that much money considering their dire financial circumstances.

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Source: OECD Economic Outlook June 2016 Data extracted on 01 Jun 2016 12:57 UTC (GMT) from OECD.Stat

Share market losses during previous financial crises in the USA and UK