EXPLAINED. China’s debt problem. China’s debt has risen dramatically in the past decade, largely the result of credit fed to state-owned enterprises in the wake of the global financial crisis. To some, the debt mountain represents a threat to China’s stability and even the world’s.
On 2 june 2010, Chvez declared an "economic war" due to increasing shortages in Venezuela. The crisis intensified under the Maduro government, growing more severe as a result of low oil prices in early 2015, and a drop in Venezuela’s oil production from lack of maintenance and investment.
How economic crisis aggravated financial crisis. The recession was primarily caused by the credit crunch and falling house prices. However, the economic recession is now aggravating the financial crisis. Because firms are going bankrupt banks are losing more money and reluctant to lend. Rising unemployment is causing a rise in repossession rates.
Since then, we have seen many big names rise, fall and fall even more. In this article, we'll recap how the financial crisis of 2007-08 unfolded.
Loan shark finance for the post-modern age “A lot of people are finding these rent-to-buy loans may not be such a good deal.. He works a night-shift job and has struggled to make the payments. their neighbors together in larger meetings to build an organization.
A closer look at what is behind the country’s spiralling political and economic crisis. A closer look at what is behind the country’s spiralling political and economic crisis. Homepage.
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The straw that broke the camel’s back and precipitated the current crisis was the global financial meltdown of 2008. But in many ways, the economy of Greece was already insolvent before then. Despite the immediate future looking bleak, we believe the Greek Debt Crisis can still be resolved.
The Greek financial crisis was a series of debt crises that started with the global financial crisis of 2008. Its causes were largely endogenous in nature, however, because its source originated in mismanagement of the Greek economy and of government finances rather than exogenous international factors.
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The Greek government-debt crisis was the sovereign debt crisis faced by Greece in the aftermath of the financial crisis of 2007-08.Widely known in the country as The Crisis (Greek: ), it reached the populace as a series of sudden reforms and austerity measures that led to impoverishment and loss of income and property, as well as a small-scale humanitarian crisis.