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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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| Debtmatters | LSE:DEBT | London | Ordinary Share | GB00B09HB648 | ORD 10P |
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| 0.00 | 0.00% | 7.26 | 0.00 | 01:00:00 |
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| - | O | 0 | 7.26 | GBX |
Debtmatters (DEBT) Share Charts1 Year Debtmatters Chart |
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| Date | Time | Title | Posts |
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| 23/6/2015 | 10:06 | GREEK DEBT SORTED..TIME TO PILE IN LIKE NO TOMORO..DAX UP 450PTS yesterday!!!! | 1 |
| 06/5/2015 | 03:06 | G7 10 year Bond Yields + Australia | 9 |
| 08/12/2013 | 09:12 | Iceland to write Ђ24,000 off every household mortgage..just shows what can be | 3 |
| 15/8/2013 | 21:56 | G.I.P.S.I Credit Yields | 40 |
| 07/8/2011 | 20:13 | Are U.S. Economists BLIND? | 177 |
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Posted at 08/12/2013 09:12 by knigel Even if your mortgage debt was cut - you would still be paying the same every month just for a shorter period. Also Iceland has a small population - I dread to think how much this measure would cost our government if they ever considered it! |
Posted at 07/12/2013 21:32 by temmujin Iceland to write 24,000 off every household mortgageDespite international opposition, the Reykjavik government will press ahead with the debt relief plan. Tue 10:14 AM 30,603 Views 93 Comments Share2231 Tweet193 Email55 The Blue Lagoon, Grindavik, Iceland The Blue Lagoon, Grindavik, Iceland Image: Chris Ford via Flickr/Creative Commons THE ICELANDIC GOVERNMENT has announced that it will write off household mortgage debt in order to kickstart the economy. Under the plan, every household in the country will have 24,000 worth of debt written off. The move was part of the election manifesto of the Progressive Party, led by Prime Minister Sigmundur David Gunnlaugsson. The idea will cost the country 1.2 billion and will begin in mid-2014. Iceland has been burdened with debt since the 2008 financial crisis, which saw the krona collapse. A government statement said that the plan would kick-start consumer spending. "Currently, household debt is equivalent to 108 per cent of GDP, which is high by international comparison. "The action will boost household disposable income and encourage savings." The plan has been criticised by the IMF, the OECD and various economists, with the IMF saying that the country has "little fiscal space" for the move, while the OECD says the plan should be limited to low income housing. The measure has improved the country's rating with Standard & Poor's, who upgraded the economic outlook from negative to stable. |
Posted at 04/9/2012 08:04 by tpaulbeaumont The negative outlook on the EU's long-term ratings reflects the negative outlook on the Aaa ratings of the member states with large contributions to the EU budget: Germany, France, the UK and the Netherlands, which together account for around 45% of the EU's budget revenue. The creditworthiness of these member states is highly correlated, as they are all exposed, albeit to varying degrees, to the euro area debt crisis.Moody's believes that it is reasonable to assume the same probability of default by the EU on its debt obligations as the highest rated key members states' probability of default. Whereas Moody's acknowledges that there are structural features in place that enhance the EU's creditworthiness, they are in Moody's view not sufficient to delink the EU's ratings from the ratings of its strongest key member states. In particular, in the event of a scenario of extreme stress in which Aaa-rated member states would default on their debt obligations, 1) defaults on the loans that back the EU debt would be highly likely, 2) the EU's cash reserve would likely be stressed, and 3) the EU member states would likely not prioritise their commitment to backstop the EU debt obligations over the service of their own debt obligations. Hence, it is reasonable to assume that the EU's creditworthiness should move in line with the creditworthiness of its strongest key member states. |
Posted at 30/5/2012 11:24 by tpaulbeaumont Eurobonds: il conto, la cuenta, l'addition, die Rechnung May 29th 2012, 14:14 by Buttonwood ONE plan to resolve the euro zone debt crisis is for the common issue of eurobonds - each country's debt would be guaranteed by all the others. The rationale is that the overall level of European debt is not that high, when compared with the US; it is just distributed in an awkward way. David Owen of Jefferies has come up with a ready reckoner, by assuming that euro zone debt would trade at the weighted average (based on issuance) of current yields (excluding Greece). Thus the cost of annual issuance for Germany would rise from the current 1.4% to 3.7%, while yields in Italy, Spain etc would fall. The result would be an annual cost for Germany of 49 billion, or around 1.9% of GDP. France would pay an extra 16 billion, or 0.8% of GDP. the Netherlands, Austria and Finland would all face costs of around 1% of GDP. That may not seem too bad a deal, given the predictions of the pain caused by a Greek exit, although it is worth pointing out it is an annual cost, not a one-off. |
Posted at 10/5/2012 19:36 by tpaulbeaumont not only has there been no national deleveraging since the credit crunch, but we've all levered up more! |
Posted at 28/1/2012 09:33 by tpaulbeaumont after the enormous net wealth lost in the credit crunch CBs bought less than 50% of asset wealth back, at 150% of the price, and as a result the public have even less to spend/consume, brilliant. |
Posted at 27/1/2012 11:51 by tpaulbeaumont The euro zone crisisPortuguese peril and official obstinacy Jan 27th 2012, 9:13 by Buttonwood WHILE Italy and Spain are enjoying a welcome breather from debt pressures, Portugal is still under the cosh. Two-year yields were 16.1% yesterday and five-year yields were 20.8%. It all looks like an ominous replay of Greece's problems. The strategists at Rabobank comment this morning that: Portugal's ongoing weakness, however, acts as a reminder that contagion is spreading and that aggressive liquidity provisioning serves to obscure its symptoms rather than address the illness itself. The ever-thoughtful Jim Reid at Deutsche Bank comments that: There are more market concerns that Portugal could be the next Greece and the original EU78bn loan package may not be enough given the economic and fiscal slippage. At a very high level we do see certain parallels between the two. DB European economists expect the Portuguese economy to contract 2.9% this year in real terms which is not far off the -3% real GDP contraction estimated in Greece. Portugal's budget deficit is estimated to be 6.4% of GDP in 2012 versus 6.6% in Greece. Meanwhile, the latest row in Greece concerns whether official creditors should take a write-down. This is a classic problem of form over substance. Clearly, Greece won't be able to service its debts over the long run, even after it defaults to the private sector (whatever the deal is called, failing to repay 65-70% of what you owe is a default). Other countries could send transfer payments to Greece over an extended period, or the debts could be written down. Since the other EU nations stand behind the ECB and the EFSF, this amounts to the same thing in the end. It would be plain silly if a deal broke down because of an argument about how, not whether, Greece gets subsidized. |
Posted at 21/1/2012 18:02 by tpaulbeaumont US CREDIT/BOND INDICES (BOND) Thread - G.I.P.S.I Credit Yields (DEBT) Thread - Daily CDS prices 1 year graphs from bloomberg for the generic govt bond yields of; France Germany Italy Japan UK USA Canada and Australia US CREDIT/BOND INDICES (BOND) Thread - G.I.P.S.I Credit Yields (DEBT) Thread - |
Posted at 15/1/2012 10:17 by tpaulbeaumont Europe's economiesA false dawn The recession has been mild so far. But things are likely to get much worse Jan 14th 2012 | from the print edition "The worries begin with sovereign debt. Barclays Capital reckons that euro-zone governments must raise 218 billion in new bonds in the first quarter, of which 167 billion is needed to pay maturing debt. Some 300 billion of short-term bills must also be sold. Italy will be the largest single issuer: it has two chunks of debt due in the last weeks of January and February. The government is likely to pay a high price for its money: yields on ten-year bonds are close to 7%. A bigger concern is that investors might snub one of Italy's bond auctions. That would be less of a worry if the euro zone had a stronger safety net for countries that have fallen foul of bond markets. But the EU summit in December deferred until March a discussion on whether to raise the 500 billion lending capacity of the euro zone's rescue fund. The standing of the fund relies on the credit of the countries that back it, including France, which is threatened with a two-notch downgrade to its AAA credit rating by Standard and Poor's. A decision on whether to downgrade all euro-zone government bonds is due before March-one more reason to fear the worst." |
Posted at 12/12/2011 13:44 by tpaulbeaumont Europe's sovereign-debt crisisScaling the summit Once again, EU leaders have raised high hopes of a solution Dec 10th 2011 | from the print edition |
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