Posts Tagged ‘default’


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Government Nearing Default on Debt to Russia


Thursday September 14th, 2017   •   Posted by Craig Eyermann at 6:15am PDT   •   0 Comments

The government in question is that of Venezuela, which is nearing default as it is running out of resources to pay back the money it owes to its Russian creditors according to the terms it accepted when it chose to borrow money from them. MOSCOW, Sept 8 (Reuters) – Russian Finance Minister Anton Siluanov…
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The Great Greek Default


Tuesday February 7th, 2012   •   Posted by Emily Skarbek at 10:27am PST   •   1 Comment

Just last October, Greece received a huge injection of bailout funds to help avert bankruptcy but the country remains on the brink of default. Greek Prime Minister Lucas Papademos plans to gather the nation’s political leaders in an attempt to garner consensus on the necessary budget cuts. But the party chiefs have only agreed…
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Treasury Default?


Wednesday June 1st, 2011   •   Posted by Emily Skarbek at 9:12am PDT   •   1 Comment

The Treasury Department reiterated that Aug. 2 remains the projected day the U.S. would start defaulting on its obligations. The U.S. reached its $14.3-trillion debt ceiling on May 16, but Treasury officials have been doing some complex financial juggling to push off the date at which the nation would start defaulting on its obligations….
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U.S. Treasury Default Options


Monday May 16th, 2011   •   Posted by Emily Skarbek at 7:49am PDT   •   3 Comments

Charles Rowley summarizes two options facing bond holders as sketched out by Stanley Druckenmiller, the legendary investor and onetime fund manager for George Soros. “First, suppose that one owns a 10-year Treasury. In return, one receives an income stream over that period. As a result of default that income stream will be delayed for…
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What Would a State Financial Crisis Look Like?


Wednesday November 3rd, 2010   •   Posted by Emily Skarbek at 11:15pm PDT   •   3 Comments

The Economist provides an interesting video of Robert Rubin, among a panel of finance and economics experts, participating in a simulation of what a US State financial default might look like. HT: Jeff Hummel

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