The European Central Bank will keep its key interest rate at a record low of 1.0 percent on Thursday, analysts say, as ECB president Jean-Claude Trichet wrestles with questions on the Greek debt crisis.
Manchester United in so much debt even Ocean Finance wouldn’t touch them (Daily Telegraph)
The Glazer family have put Manchester United in hock to the tune of around £700m, with only the sale of Cristiano Ronaldo saving them this year. They have a plan – but it sounds about as persuasive as a daytime TV advert for debt consolidation, fears the Bung…
Debt fears to sour holiday mood (Reuters via Yahoo! UK & Ireland News)
Persisting fears about sovereign and related debt from Greece to Dubai will keep investors occupied into 2010 after they enjoyed one of the best years for world stocks in the past two decades.
Moody’s prods Japan on debt (The Japan Times)
Japan should set a “well-articulated” target to reduce government debt that is already the largest in the world, according to Moody’s Investors Service. “Deficit reduction and a debt target would help support a rating,” Moody’s Senior Vice President Thomas J. Byrne said Tuesday in Singapore. “Things we are most concerned about are the lack of well-articulated long-term fiscal consolidation and a …
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