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Debt collectors possible for overseas student loans debts
Posted by on Aug 27th, 2010The Government is investigating using debt collectors to recover more from student loan borrowers living overseas.
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Hungary Debt Risk Soars, Forint Tumbles as IMF, EU Halt Talks
Posted by on Jul 19th, 2010The cost to insure debt payments from Hungary jumped the most in six weeks and the forint tumbled after the International Monetary Fund and European Union ended talks with the government without endorsing Prime Minister Viktor Orbans plans to control the budget deficit.
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Debt Is the Ultimate Crisis for the Future
Posted by on Jun 9th, 2010Of course debt is a serious issue for the future. But that’s why politicians see no gain in finding solutions in the present.
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UK paper points Greece to Ja’s debt management programme
Posted by on May 2nd, 2010THE Government’s debt management programme received a significant confidence booster last week when the online edition of the influential Times of London held it up as a model for the Greek authorities, even as the newspaper acknowledged that, compared to Jamaica, much more of Greece’s sovereign debt is owed by foreigners.
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Irish ‘bad bank’ to buy 81B euros in debt
Posted by on Mar 31st, 2010Ireland’s government-backed “bad bank” is taking on 16 billion euros in debt from five troubled Irish banks — a first step toward buying 81 billion euros in bad loans, the government announced.
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Greek slump threatens debt plan, EU aid elusive
Posted by on Feb 12th, 2010Greece’s economy shrank more than feared last quarter and the government on Friday sharply revised down its figures for the previous three quarters as well, increasing doubts about its ability to resolve its debt crisis.
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A Record Budget Stirs Debt Worries in Japan
Posted by on Dec 25th, 2009The scale of new spending could renew investor jitters about the government’s burgeoning debt.
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Greek debt hits 300 billion euros
Posted by on Dec 10th, 2009Greece revealed a public debt colossus of 300 billion euros Thursday as the government called a crisis meeting on its financial woes and the European Union met amid disagreement on how to help a eurozone member.
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RealClearPolitics – Up Against a Wall of Debt
Posted by on Nov 2nd, 2009WASHINGTON — The idea that the government of a major advanced country would default on its debt — that is, tell lenders that it won’t repay them all they’re owed — was, until recently, a preposterous proposition. …