Tag Archives: debt crisis

Euro falls in the wake of Italian Prime Minister Monti’s resignation announcement

As fiscal cliff talks continue in the U.S., the announcement this week that Italian Prime Minister Mario Monti will resign in the next few days forced the euro into a two-week low and further plunged the world’s economy into uncertainty. … Continue reading

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Spain bank bailout only small fix in the European debt crisis — Eurozone policies the root of the problem?

On Saturday, June 9, 2012, Spain became the fourth country in the 17-nation Eurozone to receive bailout funds to save its ailing banks from meltdown. Unlike bailouts to other Eurozone countries, Spain will use its funds only to help stabilize … Continue reading

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Student debt crisis: Total student loan debt burden tops $1 trillion

On Friday, April 27, 2012, the GOP-led House of Representatives voted to extend federal student loan interest rates for another year. But, the elephant in the room was when student debt hit the $1 trillion mark, placing total student debt … Continue reading

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