Last week, Iceland’s president refused to sign a controversial bill to repay a $5 billion debt to Britain and the Netherlands, incurred when three Icelandic banks went belly up in October 2008. Now, the public may get to vote in a referendum.
Debt Repayment Plan Sparks Fiery Debate In Iceland (NPR)
Last week, Iceland’s president refused to sign a controversial bill to repay a $5 billion debt to Britain and the Netherlands, incurred when three Icelandic banks went belly up in October 2008. Now, the public may get to vote in a referendum.
Greek debt trouble weighs on finance ministers (AP via Yahoo! News)
Worries over Greece’s swelling debt will dominate two days of talks between European Union finance ministers that started Monday, as the euro fell to a ten-day low against the dollar.
Greek debt trouble weighs on finance ministers (AP via Yahoo! News)
Worries over Greece’s swelling debt will dominate two days of talks between European Union finance ministers that started Monday, as the euro fell to a ten-day low against the dollar.
Zimbabwe minister urges resolution of debt crisis (AFP via Yahoo! News)
Zimbabwe’s enormous foreign debt is hampering efforts to mend the economy, Finance Minister Tendai Biti said, urging the government urgently to resolve the debt crisis.
Acting too soon on UK debt could kill recovery (Reuters via Yahoo! UK & Ireland News)
Markets are looking to the next government for tough action on the public finances, but pruning the record debt too sharply could strangle the green shoots of recovery, analysts say.
N.Z. Dollar Gains as S&P Raises Debt Outlook; Australia’s Rises (Bloomberg)
May 28 (Bloomberg) — New Zealand’s dollar advanced, reversing a decline, after Standard & Poor’s raised the outlook on the country’s sovereign debt rating to stable from negative. Australia’s currency strengthened.
Consolidation meetings to continue for Tracy-Balaton area (Marshall Independent)
TRACY – So far, informational meetings about the upcoming school consolidation vote in the Tracy and Balaton School Districts have drawn few members of the public. However, school officials said Monday night they hoped more people will participate before the May 12 vote. The proposal to consolidate needs a majority of votes in both the Tracy and Balaton districts to pass.
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