Financial contagion
Donald Tusk fears ideological contagion of the Greek crisis
President of the European Council Donald Tusk warned of a revolution in Greece, if the country fails to implement the harsh fiscal measures agreed upon with the EU creditors during the EU-19 Summit a Monday, July 13.
Is China a ticking economic time bomb?
Yes, according to many analysts, who underline the countryâs credit boom. For example, a research note by Standard Chartered, which was published on July 21, noted Chinaâs total debt to GDP ratio had surpassed 250 percent. You could have shrugged âso whatâ if it was not the worldâs the worldâs biggest trading nation and second-largest economy.
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