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Wolfgang Schaeuble’s Memoir Delves Into the Greek Debt Crisis
The memoir by Wolfgang Schaeuble, one of the key figures of the 2009-2018 Greek debt crisis who died in December 2023, is hitting bookstores in...
WeWork Plans to File for Bankruptcy Over Massive Debt
WeWork plans to file for bankruptcy as early as next week, as the SoftBank Group-backed company struggles with a massive debt pile and hefty...
US Congress Approves Debt Deal, Averting Default
The US Congress has approved a deal to lift the country's borrowing limit, days before the world's largest economy is due to default on...
Crippling Sanctions Push Russia into Default on Billions in Debt
Russia has defaulted on roughly 37.8 billion euros, or $40 billion—in international debt, the effects of mounting and crippling international sanctions four months into...
Greece Repays IMF Bailout-Era Debt Two Years Early
On Monday, Greece repaid its bailout-era debts to the International Monetary Fund (IMF), some two years early, Finance Minister Christos Staikouras announced.
Staikouras added in...
Greece to Repay IMF Bailout-Era Debt Two Years Early
Greece will repay its bailout-era debts to the International Monetary Fund (IMF) in April, some two years early, Finance Minister Christos Staikouras announced on...
Trillion Dollar Coin Could Be Minted to Solve Debt Ceiling Problem
The former director of the United States mint says that a trillion-dollar coin could be minted at the last minute in order to avoid...
Greece Has Third Highest Debt to GDP Ratio in the World
Greece has the third highest government debt as a percentage of gross domestic product (GDP) in the world, according to latest statistics
Joe Biden Cancels Nearly $3 Billion Worth of Student Debt
Joe Biden has cancelled almost $3 billion worth of student loans since his inauguration in January of 2021.
USA Reaches Greek Crisis Levels of Public Debt
The U.S. is reaching the level of public debt recorded in Greece during the black days of the financial crisis that led to bailout programs.