Comments on: The Debt Snowball Problem

By: Adjustment Needed Now | Credit Writedowns

Adjustment Needed Now | Credit Writedowns — Sun, 20 Nov 2011 21:30:54 +0000

[...] if not negative. If you factor in the government’s proposals for austerity from here to 2015, the debt snowball will be difficult to avoid. It is unlikely that Italy’s new government will provide stability as the task facing them is [...]

By: financial spreadbetting

financial spreadbetting — Tue, 31 Aug 2010 05:44:55 +0000

It is very worrying and we are seeing it in action. We spend more on debt than we do on education in the UK.

By: low spread

low spread — Sat, 05 Jun 2010 05:13:27 +0000

The Debt Snowball Problem – A Fistful of Euros

By: From A Greek Debt Crisis To A Eurozone Structural One? | theworldnet.info

From A Greek Debt Crisis To A Eurozone Structural One? | theworldnet.info — Tue, 25 May 2010 21:43:35 +0000

[...] I explain in this post on the debt snowball problem, only two things really matter at this stage, the rate of change in nominal Greek GDP (that is non [...]

By: From A Greek Debt Crisis To A Eurozone Structural One? « The Economy

From A Greek Debt Crisis To A Eurozone Structural One? « The Economy — Sat, 27 Mar 2010 09:35:12 +0000

[...] I explain in this post on the debt snowball problem, only two things really matter at this stage, the rate of change in nominal Greek GDP (that is non [...]

By: From A Greek Debt Crisis To A Eurozone Structural One? | afoe | A Fistful of Euros | European Opinion

Fri, 26 Mar 2010 10:38:57 +0000

[...] I explain in this post on the debt snowball problem, only two things really matter at this stage, the rate of change in nominal Greek GDP (that is non [...]

By: Eurozone Imbalances Weaken Trust in The Euro and Undermine Euro Area Cohesion « The Economy

Fri, 29 Jan 2010 00:34:27 +0000

[...] The reference in the Spiegel report to the earlier German expience is to the earlier “internal devaluation” Germany carried out between 2001 and 2005 in an attempt to restore competitiveness after having entered the common currency at an exchange rate which was later discovered to have been too high. The thing is, the German devaluation was quite limited and quite slow. Greece and Spain have large devaluations to carry out, and the time scale is likely to need to be short, since it is urgentto restore growth to these economies to avoid the debt to GDP percentages snowballing upwards. [...]

By: Pavel from Prague

Pavel from Prague — Tue, 19 Jan 2010 11:53:33 +0000

@govs of Latvia:

Your experience only confirms the view that internal devaluation is a poor substitute to the real thing. That said, euro (or peg to it) hurts competitiveness and recovery in case of Latvia, Greece, Ireland, you name it.

Sorry to hear that about -20 degree temperatures.

By: uberVU - social comments

uberVU - social comments — Tue, 19 Jan 2010 03:48:10 +0000

Social comments and analytics for this post…

This post was mentioned on Twitter by afoe_tw: new afoe entry, The Debt Snowball Problem – http://tinyurl.com/yfdnyr6 #fb…

By: govs from Latvia

govs from Latvia — Sat, 16 Jan 2010 15:54:41 +0000

Here the link

http://www.ft.com/cms/s/0/cd89c236-0141-11df-8c54-00144feabdc0.html