Global debt bubble rages on, as does European turmoil
Croatia’s debt-forgiveness program is designed to kick-start the economy and get consumers spending again now that their bank accounts have been unfrozen, though some argue that the measure is a response to the country’s parliamentary elections later this year. Erin weighs in. Reggie Middleton, CEO of Veritaseum, tells us how the earnings season been for US banks and what it says about their longer term earnings. Frances Coppola, associate editor at Pieria, tells us if negative interest rates in Europe are working and gives us her take on the ECB’s recent move to stop accepting Greek collateral for loans. And in The Big Deal, Erin and Edward Harrison discuss global debt, which has skyrocketed since the financial crisis began despite all of the talk of deleveraging.
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