English
Pawlenty on Debt-Ceiling Talks: Political Capital With Al Hunt
July 16 (Bloomberg) — Republican presidential candidate Tim Pawlenty talks with Bloomberg’s Al Hunt about negotiations between lawmakers over raising the U.S. debt limit and Senate Republican leader Mitch McConnell’s plan to raise the ceiling.
Bloomberg’s Heidi Przybyla and Julianna Goldman discuss the outlook for the debt-limit talks. Lizzie O’Leary reports on how the government may prioritize payments if the debt-ceiling isn’t raised. Commentators Margaret Carlson and Kate O’Beirne talk about the possibility that a debt agreement won’t be reached and the U.S. will default on its debt. (Source: Bloomberg)
Duration : 0:21:27
Nogueira Says Portugal Can Return to Debt Market in 2013
July 6 (Bloomberg) — Antonio Nogueira Leite, an economic adviser for Portugal’s Social Democratic Party, talks about Moody’s Investors Service’s decision yesterday to cut Portugal’s credit rating to junk.
He speaks from Lisbon with Francine Lacqua and Owen Thomas on Bloomberg Television’s “Countdown.” (Source: Bloomberg)
Duration : 0:8:5
Greece begins sell-off to counter debt crisis
Greece’s ruling socialist party has passed a second austerity bill needed to implement an austerity package to secure more funds from the European Union and the International Monetary Fund.
The vote saw 155 members of parliament voting in favour of the bill, 136 voting against and five abstentions.
The Greek government will now start to implement harsh cuts, but it also has plans to make money – many of which are proving to be controversial.
Athens wants to raise $72bn in the next four years by selling off state assets.
The state lottery, water companies, electricity and gas monopolies are among those up for grabs. Also for sale are leases on state property and property for tourist development.
Tania Page reports from Athens, the Greek capital.
Duration : 0:2:16
Humes Expects `Some Form of Reprofiling’ of Greek Debt
June 20 (Bloomberg) — Hans Humes, president of Greylock Capital Management, discusses Greece’s debt crisis and the prospects for restructuring its debt.
He speaks on Bloomberg Television’s “InBusiness With Margaret Brennan.” (Source: Bloomberg)
Duration : 0:3:28
Rudd Predicts `Orderly Restructuring’ of Greek Debt
June 17 (Bloomberg) — Roland Rudd, senior partner at public relations firm Finsbury Ltd., discusses the euro-zone debt crisis.
He talks with Maryam Nemazee on Bloomberg Television’s “The Pulse.”
Duration : 0:4:52
Schneider’s Gallo Says Greece Must Not Repudiate Debt
June 16 (Bloomberg) — Stephen Gallo, head of market analysis at Schneider Foreign Exchange, talks about the prospects for Greece repaying its debt.
He speaks with Maryam Nemazee on Bloomberg Television’s “The Pulse.”
Duration : 0:3:21
RBS’s Cailloux Says EU Debt Contagion `Very Much Alive’
June 14 (Bloomberg) — Jacques Cailloux, chief European economist at Royal Bank of Scotland Plc, talks about the outlook for Greek debt after Standard & Poor’s cut the country’s rating to CCC from B, the world’s lowest credit rating.
He speaks with Maryam Nemazee on Bloomberg Television’s “The Pulse.”
Duration : 0:5:58
Mettler Expects Greek Debt Restructuring From September
June 9 (Bloomberg) — Ann Mettler, executive director and co-founder of the Lisbon Council, talks about the outlook for a Greek debt restructuring and for deeper fiscal integration in the euro zone.
She speaks from Vienna with Maryam Nemazee on Bloomberg Television’s “The Pulse.”
Duration : 0:5:23
Holtz-Eakin Urges Obama to Take Lead on Debt Solution
June 9 (Bloomberg) — Douglas Holtz-Eakin, president of the American Action Forum, and Joseph Minarik, senior vice president and director of research at the Committee for Economic Development, talk about the U.S. debt ceiling and the need for bipartisan cooperation on fiscal policy.
Any U.S. debt default would be very serious and the government should stop playing with fire, said Li Daokui, an adviser to the People’s Bank of China, according to a Reuters report. Holtz-Eakin and Minarik speak with Deirdre Bolton on Bloomberg Television’s “InsideTrack.” (Source: Bloomberg)
Duration : 0:7:29
Greek Lawmakers Pass Spending Cuts Required for Loans
This is the VOA Special English Economics Report, from http://voaspecialenglish.com | http://facebook.com/voalearningenglish
Greece’s debt crisis has shaken investors in the United States and worldwide. They worry that it could spread far beyond Greece. On May sixth, a day after huge protests in Athens, the Greek parliament approved a series of spending cuts. Greece has to cut thirty billion dollars as part of a bailout deal with the European Union and the International Monetary Fund. The deal is for one hundred forty-five billion dollars in loans.The cuts include wage freezes and reductions in retirement pay for government workers. Critics say the austerity plan will hurt the poor especially. But Greek labor costs are high even for Europe. And Greece’s public debt is equal to at least one hundred fifteen percent of its economy. The cuts may be the only hope to avoid declaring bankruptcy.Sebastien Galy is senior currency strategist for the French bank BNP Paribas. He says other European countries delayed rescuing Greece because it was politically unpopular. Now they are paying for it.European countries promised to make eighty billion euros in loans available over the next three years. The International Monetary Fund promised thirty billion. The quality of Greek government debt is now rated at “junk” levels. The high risk has investors demanding higher interest rates, and not only on Greek debt. Portugal and Spain have also had their credit ratings reduced. Both borrowed from credit markets. And both had to pay far higher rates than Germany, the safest investment in the euro area.The euro is eleven years old and used as the currency of sixteen countries. But less trust in the euro has reduced its value to the lowest levels in over a year. Sebastien Galy says growth expectations for the euro area have dropped. This has affected producers of raw materials such as Australia, Brazil and Canada. But he says the falling euro should help ease the crisis. He expects the exchange rate against the dollar to reach one-to-one within a year. That would be good news for European countries with heavy debt loads. He said: “The lower the euro is, the more competitive these economies become and, therefore, the more the fiscal concerns are going to be reduced.”While the euro has fallen, the dollar has gained value. Investors fleeing risk have bought dollars and American debt.And that’s the VOA Special English Economics Report.
(Adapted from a radio program broadcast 07May 2010)
Duration : 0:3:59
Search
Guaranteed Cash
Articles
- Credit Cards (392)
- Debt (403)
- Get Cash Now (484)
- Loans (419)
- Money (246)