Posts Tagged ‘debt crisis’

European Central Bank: Draghi Steps into Deeply Entrenched Source of Monetary Evil


Thursday November 3rd, 2011   •   Posted by Emily Skarbek at 7:47am PDT   •   2 Comments

New president Mario Draghi takes the reigns of the ECB, lowering the benchmark rate 25 basis points to 1.25 percent. The move is touted as a step to avert a looming recession and offset the tension caused by the ongoing sovereign debt crisis. Draghi takes office in a climate of extreme uncertainty. Greece is…
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U.S. Debt or Default: False Choice on Why the U.S. Debt Ceiling Should Not Be Raised


Thursday July 14th, 2011   •   Posted by Emily Skarbek at 5:16pm PDT   •   2 Comments

With the White House and the House of Representatives still at loggerheads over how to resolve the debt crisis, administration officials are turning up the heat, claiming that Washington has only two choices: increase the government’s borrowing capacity beyond the current $14.3 trillion limit or face a catastrophic U.S. Treasury default. If the latter…
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