bankruptcy – DEMAGAGA

Is a Spanish Bailout Coming?

September 18, 2012
bankruptcy
Euro
Europe
European Central Bank
European Union
failure
Mario Draghi
Monetary Union
pensions
Rajoy
Recession
Single-Currency
Spain
Spanish economy
unemployment

The Economist asks why Spain has not yet taken full advantage of the bond buying scheme announced by European Central Bank President Mario Draghi, a plan that was designed specifically to aid countries in Spain’s economic condition. Spanish Prime Minister Rajoy’s reluctance to admit Spain’s need for a bailout has complicated the ability of the […]

News

Iceland and Greenland Discuss Adopting the Canadian Dollar as National Currency

May 16, 2012
bankruptcy
Canada
Canadian Dollar
Currency
Europe
fiscal stability
Greenland
Heidar Gudjonsson
Iceland
Iceland bankruptcy
Iceland financial crisis
Icelandic bankruptcy
Krona
loonie
monetary policy
Monetary Union
Norway
Progressives
seignorage
Social Democrats

The economic downturn has claimed many victims: individual citizens, corporations, countries and potentially entire monetary unions (such as Greece in the euro). Iceland is no stranger to economic hardship, becoming the first nation to declare sovereign bankruptcy in years when it did so in 2008. In order to jumpstart the economy, use of the loonie […]