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Debt crisis

Europe News

Spain pitches €850bn per year in common EU borrowing

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Economy

Illness tops job loss as Germany’s biggest debt trigger

A new report finds health-related problems now account for nearly one in five overindebtedness cases in Germany, outpacing unemployment and divorce.

Climate

Two European countries in ‘red zone’ of climate finance vulnerability

It provides a more realistic picture of risk, and could help direct support to countries “living one disaster away from crisis.”

EU Decoded

Is debt justified to increase defence investments?

First it was vaccines, then gas and now the EU will make joint purchases of defence equipment. This latest emergency is due to Russia’s war in Ukraine and the prospect of less investment by the US in Europe's protection. Is the new financial instrument Security Action for Europe up to the challenge?

Business

WeightWatchers files for bankruptcy in a bid to cut its debt

The publicly traded wellness company, which has been struggling to keep its business afloat, announced plans to file for bankruptcy as part of a reorganisation plan with a group of its lenders.

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Economy

IMF reaches a deal with troubled Argentina on bailout worth €18bn

The bailout provides a welcome reprieve to President Javier Milei as he seeks to overturn the country's old economic order.

Economy

European stocks, euro rally as Germany strikes historic debt deal

Germany’s next chancellor, Friedrich Merz, struck a deal to loosen borrowing limits, unleashing €500 billion for defence and infrastructure. Markets surged, while analysts debated its impact on inflation and ECB rate policy.

Economy

Chancellor hopeful Merz open to reform of Germany's debt brake

The CDU leader said that Germany may need to loosen its debt limit to finance defence spending, although other solutions should be prioritised.

Business

Austrian property mogul Rene Benko held on suspicion of fraud

The magnate was arrested on Thursday on suspicion of falsifying an invoice and trying to hide assets from creditors, according to prosecutors.

Economy

Developing economies have greater challenges ahead, warns World Bank

Weak investment and climate change threaten growth in developing economies after a period of strong expansion.

Markets

What could shape the markets in 2025? Here’s what the analysts think

After a year of new records on the stock market, 2025 is expected to bring more rallies. But what are the key factors that could move market sentiment in the new year?

Economy

World Bank: Developing countries spend record amount on foreign debt

Poorer economies are limiting investments in health, education, and the climate to avoid default and repay foreign lenders.

Economy

Eurozone sovereign debt crisis? ECB warns of fiscal and growth risks

The ECB warns of mounting eurozone sovereign debt risks in its latest review, citing high debt levels, fiscal slippage, and weak growth.

Economy

French debt soars reinforcing concerns about its budgetary control

France's borrowing of €68.9 billion in the second quarter of 2024 has added to the country's debt pile reinforcing concerns about its budgetary control.

Economy

OECD: Belgium needs to cut public spending to reduce debt and deficit

The debt keeps swelling and if no action is taken, the OECD warns, it could reach 200% of the GDP by 2050.

Earth News

Why has Grenada enacted the so-called hurricane clause?

In July, the country was pummelled by winds of up to 240 kilometres an hour which razed whole neighbourhoods and downed power lines.

Business

French IT company Atos accepts Onepoint's restructuring plan

After weeks of mulling it over, French IT company Atos has finally decided to go with key shareholder David Layani and his IT company Onepoint’s restructuring offer, as opposed to Czech billionaire Daniel Kretinsky’s. Currently, Onepoint owns about 11% of Atos’ total shares.