(Bloomberg) — Italy’s populist government lowered its 2019 budget deficit in a bid to comply with European Union rules and avoid sanctions for failing to rein in debt.The deficit is now expected to be 2.04% of economic output, according to a person familiar with the issue who asked not to be identified
— Read on ca.finance.yahoo.com/news/italy-cuts-2019-deficit-goal-055254991.html
Tag: Debt
Italy Economy Seen Contracting Again, in Blow to Populists – Bloomberg
Italy’s economy probably shrank again this quarter, according to the country’s statistics office, complicating the populist government’s efforts to meet its fiscal commitments.
— Read on www.bloomberg.com/news/articles/2019-06-20/italy-economy-seen-contracting-again-dealing-blow-to-populists
Canadians took on less debt in first quarter of 2019 — but total amount they owe is still growing | CBC News
While Canadians are finally easing up on their credit debt, their mortgage commitments continue to push overall debt levels up.
— Read on www.cbc.ca/news/business/statscan-debt-data-1.5173538
China’s loans causing ‘hidden’ debt, risk to economies
China’s lending to other countries, often shrouded in secrecy, is thought to be higher than the amounts that are officially tracked, resulting in much “hidden debt.” That could spark a worse-than-expected slowdown, among other problems, experts warn.
— Read on www.cnbc.com/2019/06/12/chinas-loans-causing-hidden-debt-risk-to-economies.html
Credit Crisis-Blamed Debt May Help Canada With Housing Risk – Bloomberg
The type of securities blamed for triggering a credit crisis in the U.S. a decade ago could now be part of the solution in Canada, where a cooling housing market is a key risk to its $1.7 trillion economy.
— Read on www.bloomberg.com/news/articles/2019-06-05/credit-crisis-blamed-debt-may-help-canada-spread-housing-risk
Delinquency Rates Hold Steady Even as Canadian Borrowing Climbs – Bloomberg
Serious delinquency rates “remained steady” in Canada as credit growth moved higher at the beginning of the year, according to TransUnion.
— Read on www.bloomberg.com/news/articles/2019-05-22/delinquency-rates-hold-steady-even-as-canadian-borrowing-climbs
When does debt become too much debt?
When does debt become too much debt?
— Read on www.msn.com/en-ca/money/savingandinvesting/when-does-debt-become-too-much-debt/ss-BBSDc7n
Visco Says Italy’s Debt Load Is ‘Severe Constraint’ on Economy
Italy urgently needs a “credible” strategy to cut a public debt load that risks imposing a “severe constraint” on the economy, European Central Bank Governing Council member Ignazio Visco said. The ratio of debt to economic output may exceed the levels targeted by the government in its latest plan,
— Read on ca.finance.yahoo.com/news/visco-says-italy-debt-load-083350758.html
Italy Gets ECB Pushback on Debt Idea, Told to Sort Out Finances
Italy came in for further criticism from the European Central Bank on Wednesday, with policy makers rejecting the idea of a debt guarantee and renewing warnings about excessive debt. ECB Vice President Luis de Guindos said the lesson from Italy’s run-ins with the European Commission over its spending
— Read on ca.finance.yahoo.com/news/italy-gets-ecb-pushback-debt-093953352.html