The largest economies in the world are also among the most indebt countries. The long feared sovereign debt crisis is here and puts pressure on all of us. Some of the most reputable economic analysts suggest that this sovereign debt crisis could be much worse than the 2008 financial crisis so many investors play safe these days. Many economies are still in recession and the global economic situation makes the recovery even more difficult. They all are somehow on hold waiting to see what’s next before making another move. (more…)
Archive for the ‘Economy’ Category
It’s a known fact that some athletes are among the richest people in the world earning millions each year. The active years are limited and varies depending on sport but many top athletes manage to gather a fortune from sports. Managing a fortune is not simple and the laws of economy also count at individual level. This is why many athletes have financial problems and end up bankrupt.
Spending the money has always been easier than earning them and the top most famous bankrupt athletes are the proof of that. Huge mansions, luxury jets, state of the art yachts, unique cars, expensive jewelry and unbelievable parties are just few of the things that sports stars spend money on. (more…)
It passed a year since the first voices of concern were heard. Then there were few people to think that a debt crisis could hit large European economies. The financial crisis from 2008 put the pressure on the banking systems and many countries decided to bail out their financial systems by increasing sovereign debt.
In 2010 the debt crisis hit Greece, a member state of the eurozone. A €110 billion loan from International Monetary Fund (IMF) and EU members was expected to solve the problem in Greece as the country agreed to implement harsh austerity measures. Another two huge loans followed: a €85 billion for Ireland in November 2010, and a €78 billion loan for Portugal in May 2011. (more…)
The inflation represents the increase of the general level of prices in a economy, in a certain period of time. This means that the prices of goods and services had generally increased in the reviewed period of time.
In the last century the global inflation constantly increased, with a small acceleration in the last few decades. Many economists fear that the global recession could be followed by a significant rise of the global inflation. (more…)