Debt crisis | Euronews

English

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.

Economy

Experts call for restrained spending as global debt hits record high

Debt in emerging markets such as India and China and stubborn inflation in the US is putting pressure on funding costs.

Earth News

Record debt could delay climate adaptation, experts warn

The UN Environment Programme estimates that developing nations will need up to €364 trillion each year in public finance for climate adaptation this decade.

ADVERTISEMENT

Business

Does China's Evergrande have to pay back its $300 billion debts now?

The world’s most heavily indebted real estate developer has been ordered to undergo liquidation. But their assets don't cover their liabilities.

Economy

Student loans in Europe: Is university worth the debt?

Euronews Business looks at how fees and support systems work in higher education in Europe, particularly in the UK. We also examine how the employment of recent graduates and salaries vary by educational level.

Business

Drowning in heavy debt you can't afford? Here's some steps to consider

This is an expensive time of year for all of us but for those who are already feeling under the strain of financial pressure it can seem a desperate time.

Business

China's Evergrande gets last chance to come up with new debt deal

Evergrande's liquidation hearing initially scheduled for Monday was adjourned by a Hong Kong court as the property developer's shares hit an all-time low.

Markets

Property giant Country Garden defaults on dollar bonds

Country Garden, the biggest builder in the Chinese property market, has failed for the first time to pay $15.4 million interest on its dollar bonds.

Markets

Billions at stake: Property giant Evergrande is facing new crisis

One of the world's biggest debt restructuring plans has been thrown into uncertainty raising fears of a major Chinese property crisis.

Earth News

‘Knife edge’: Campaigners urge G20 to act on climate

The G20 summit opens in Delhi tomorrow. What does it mean for the climate?

USA

US Senate avoids default in vote on debt ceiling and spending cuts

The US Senate has avoided a government default by passing a bill to lift the debt ceiling and introduce spending cuts days before its Monday deadline.

Economy

Germany and Netherlands push for minimum debt targets for EU countries

The European Commission has said it would present legislative proposals "in the coming weeks" to advance the political debate.

Culture news

Euronews Culture’s Horror-a-thon: Day 3 - Sell Your Body

What’s more terrifying than debt? Jaanelle Yee's 2017 horror short film is a darkly hilarious commentary on dating app culture, student debt, as well as a millennial twist on a classic urban legend...

Money

Is it wise to take out a loan to invest in crypto?

A recent US survey found that 21 per cent of investors took out a loan to pay for crypto. Why are people choosing to do it and is it a good idea?

Greece

Greece repays IMF bailout debt two years ahead of schedule

Three successive bailouts totalling some €260 billion between 2010 and 2018 prevented Greece from going bankrupt.

Europe Decoded

Russia claims it has made first debt payment and avoided a default

There were fears that Moscow would default on its bond payments after having its assets frozen due to the invasion of Ukraine.

China

China's real estate giant Evergrande suspends shares in Hong Kong

Baocheng Liu, director of the Centre for International Business Ethics at the University of International Business and Economics in Beijing, told Euronews that if Evergrande were to collapse, the "ripple effects are going to be huge".

Germany

Angela Merkel in Greece for talks on last visit post-financial crisis

Relations between Greece and Germany were often thorny during Merkel's tenure due to the financial crisis.

Sport

Barcelona's debt now at '€1.35 billion', says club president

Barcelona's president Joan Laporta has presented a grim picture of the football club's financial situation, saying its debt had risen to €1.35 billion.