Tag Archives: debt

Global Economy and the Financial System on the Cliff’s Edge?

11 Mar

The illusion of economic stability convinced most people that the great economic crisis of 2008 was exceeded. The truth is that it’s just beginning, and the next wave of crisis is very close. Europe is experiencing economic depression and is only a matter of time before the U.S. will follow.

Unemployment rate at high alert

20120731_EUYouthUnemployment_0Published last Friday, this index shows a new historic high in the euro area unemployment rate: 11.9%. In Italy it rose to peak last 21 years, while in Greece reached 27%. More worrying is the unemployment rate among young people under 25 years: in Greece and Spain is close to 60% and in Italy and Portugal is 40%.

Jobs crisis is a direct consequence of the global crisis of 2008 and may generate a political crisis. In general for each unemployed person three people have to suffer. For the euro area the real test is not the debt crisis, but how to avoid the consequences of high unemployment.
Continue reading

Advertisements

What a nation’s debt looks like using stacks of $100 bills

6 Dec

Demonocracy.info helps put into perspective how much debt nations around the world have amassed using stacks of $100 bills.

The infographic starts simply, showing what $10,000 and $100 million looks like—all quite easy to wrap your head around.

But when Demonocracy.info starts to stack up the debt levels of some major economies, it all start to look quite unreal.

%d bloggers like this: