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  1. World economy at risk of another financial crash, says IMF
  2. Why Don't Republicans Fret About the Debt Anymore?
  3. IMF: Financial crisis lingers on
  4. How to Fix the United States' Debt Problems & Reduce Federal Deficits

These budgets need to be approved by both chambers of Parliament. In the course of a sharp increase in borrowing costs triggered by an irresponsible budget or its anticipation , that majority may well erode quickly. A budget that too bluntly contravenes these rules could be deemed unconstitutional by the president of the Republic, who could refuse to sign it. This would clearly not be without costs—as it would start an institutional crisis and a phase of uncertainty—but it is possible. As a result, one can imagine several scenarios in which escalating crisis conditions —rising borrowing costs, accelerating outflows—eventually induce a correction.

World economy at risk of another financial crash, says IMF

This could come in several forms. In the face of a crisis, the coalition may decide to postpone or heavily water down its signature fiscal plans. Or it may press ahead and trigger a confrontation with the president or lose its majority in the Senate. Or it may collapse because one of the two coalition partners does not want to join the other in jumping off the cliff. A European catastrophe may be avoided. But the costs of doing so could still be high, both for the political and social cohesion in Italy and for the future of Europe.

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Why Don't Republicans Fret About the Debt Anymore?

This is the new worry in Europe and the US. A simple look at google trends shows that in Germany, France and the US, search interest for recession peaked in the last weeks. In Italy, the peak already occurred end of January. Whether a recession is actually occurring is difficult to gauge in real time. But there can be no doubt that significant risks such as the trade war and no-deal Brexit exist.

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This external publication delves into the new responsibility given to the European Central Bank: supervision on banks in the euro-area. It tells its history and illustrates its functions, structure and responsibilities and the exceptional answers to respond to the "perfect storm" of the crisis. No other country lost as many positions as Greece and Italy in the rankings of European countries by Gross National Income per head, between and The tentative conclusion here is that more complex, country-specific stories — beyond the euro, or the specific euro-area fiscal rules — are needed to explain these individual performances.

But this indicator is not observed, only estimations can be made.

This post shows that estimates of the European Commission, the IMF, the OECD and national governments widely differ from each other and all estimates are subject to very large annual revisions. The EU should get rid of the fiscal rules that rely on structural balance estimates and use this opportunity to fundamentally reform its fiscal framework. This event will feature an academic lecture on the use of law as a macroeconomic tool.

Who tends to get the blame for the Euro crisis in national media?

The authors map how much fiscal debt is in the hands of domestic and foreign holders in the euro area. While the market for debt was much more international prior to the crisis, this trend has since been reversed. At the same time, central banks have become important holders of fiscal debt.

Since then, two developments have taken place: one good, and one bad. This blog post reviews them. The fiscal and welfare costs of public debt, following Olivier Blanchard's presidential lecture at the American Economic Association, in which he suggested both might be lower than expected. Politics and Nation. Defence Defence National International Industry. Company Corporate Trends Deals.

IMF: Financial crisis lingers on

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How to Fix the United States' Debt Problems & Reduce Federal Deficits

ET Bureau. NEW DELHI: The government on Friday indicated that it may curb non-essential imports in the weeks ahead and take steps to boost exports besides announcing a number of measures to shore up the rupee and control the current account deficit. The five steps announced following a meeting chaired by Prime Minister Narendra Modi to review the state of the economy include scrapping withholding tax on masala bonds — rupee-denominated debt sold overseas — and relaxations in the overseas debt regime.

Modi was briefed by Reserve Bank of India governor Urjit Patel and finance ministry officials, finance minister Arun Jaitley told reporters after the meeting late on Friday. Pay based on use.