This is likely just the start. Brazil’s state and federal debt are unsustainable, and they have a socialist government so it isn’t going to embrace spending reforms. Defaults coming.
Bloomberg–6 hours ago
With 53 percent of sovereign debt held outside the country, Spain is paying almost … as 1.7 trillion euros into European debt markets in a bid to revive inflation.
Bloomberg–14 hours ago
Billionaire bond investor Bill Gross said the only way for Japan to eventually cut its debt burden is for the central bank to acquire it and forgo repayment, …
Asahi Shimbun–10 hours ago
10,000 elderlies’ assets seized in lieu of nursing care premiums … 10,000 since the Ministry of Health, Labor and Welfare began keeping track in fiscal 2012.
Bloomberg–44 minutes ago
Overall risks associated with government debt, which amounted to 26.66 trillion yuan ($4.1 trillion) at the end of last year, are under control, the ministry said in a …
Wall Street Journal–May 25, 2016
Rio has 72 billion reais in debt with Brazil’s federal government and owes another 35 billion reais to public banks and international lenders including the …
Wall Street Journal–15 hours ago
Big health plans stung by losses in the first few years of the U.S. health law’s … such as HealthCare.gov or state equivalents won’t feel the full impact of premium …