Like/Tweet/+1
Search
 
 

Display results as :
 

 


Rechercher Advanced Search

RSS feeds


Yahoo! 
MSN 
AOL 
Netvibes 
Bloglines 


UKRAINE ENGLISH NEWS TWITTER
Social bookmarking

Social bookmarking Digg  Social bookmarking Delicious  Social bookmarking Reddit  Social bookmarking Stumbleupon  Social bookmarking Slashdot  Social bookmarking Furl  Social bookmarking Yahoo  Social bookmarking Google  Social bookmarking Blinklist  Social bookmarking Blogmarks  Social bookmarking Technorati  




Bookmark and share the address of UKRAINE ENGLISH NEWS on your social bookmarking website

December 2016
MonTueWedThuFriSatSun
   1234
567891011
12131415161718
19202122232425
262728293031 

Calendar Calendar

Who is online?
In total there are 6 users online :: 0 Registered, 0 Hidden and 6 Guests :: 2 Bots

None

Most users ever online was 229 on Sat Aug 08, 2015 11:03 pm

Economist: The world is waiting for an avalanche of bankruptcies

View previous topic View next topic Go down

Economist: The world is waiting for an avalanche of bankruptcies

Post by Admin on Sun Jan 24, 2016 12:46 am

The world is waiting for an avalanche of bankruptcies due to the fact that the global financial system has become dangerously unstable.

With such a forecast was made ​​by Chairman of the Supervisory Committee of the Organization for Economic Cooperation and Development and a former chief economist of the Bank for International Settlements, William White, quoted him as saying Vesti.Ekonomika.

He noted that the current situation can be an excellent test of the strength of the social and political stability.

"The debts in the past eight years continue to grow and they have reached a level in every part of the world, which can cause serious damage," - said the economist, adding that many of them will never be repaid.

White also notes that even on the eve of the economic crisis in 2007, the situation was better than it is now.

"The question is only if we face the truth and organized to respond to what we are waiting for, or response will be chaotic," - he said.

He predicted that European lenders will have to face major cuts the amount of debt borrowers. In particular, European banks have recognized the existence of non-performing loans by $ 1 trillion.

These banks, says White, is too open to emerging markets and is likely to prolong the "bad loans", details of which were not disclosed.

White believes that an important part of the problem is just emerging markets, but they also become part of the solution after the bankruptcy of the bank Lehman Brothers, "thanks" to which the global financial crisis has turned into the most critical phase in 2008

In the markets formed "credit bubble" because of quantitative easing and zero interest rates prevailing on the background of the situation with Lehman Brothers. According to Canadian economist, their debts have grown to "unprecedented heights".

White forecasts have a special resonance, because he is one of the few representatives of the central banking fraternity clearly and distinctly argued in 2005-2008. about the alleged collapse of the western financial system.

It is unclear what will be a catalyst for the next crisis, but the White draws attention to the devaluation of the Chinese currency, which could "empty metastases."

As reported by the "Observer", formerly known financier George Soros said that the global financial markets were signs of a new financial crisis.

finance.obozrevatel.com In Russian

Admin
Administrator

Posts : 10829
Join date : 2015-05-20
Location : United States

http://www.ukraineenglishnews.com

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum