Tag #Debt

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elpais.com

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Aug 31, 07:19

Colombia's Fiscal Crisis: Causes, Impacts, and Potential Solutions

Colombia's fiscal crisis, exacerbated by COVID-19 spending and subsequent government policies, resulted in a soaring public debt, necessitating significant fiscal adjustments in the coming years.

Colombia's Fiscal Crisis: Causes, Impacts, and Potential Solutions

Colombia's fiscal crisis, exacerbated by COVID-19 spending and subsequent government policies, resulted in a soaring public debt, necessitating significant fiscal adjustments in the coming years.

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What are the primary causes of Colombia's current fiscal crisis?

The crisis stems from a combination of factors: massive COVID-19 emergency spending under President Duque, fuel subsidies disproportionately benefiting high-end vehicles and trucks, and subsequent failed fiscal strategies under President Petro's administration. This led to a substantial increase in public debt, with interest payments alone reaching 70 trillion pesos annually.

lemonde.fr

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Aug 29, 19:21

Macron Confirms Commitment to Mandate Amidst Bayrou's Vote of Confidence

French President Emmanuel Macron reaffirmed his commitment to serving his full term despite the upcoming vote of confidence requested by Prime Minister François Bayrou on September 8th, highlighting the importance of respecting the mandate given by the French people.

Macron Confirms Commitment to Mandate Amidst Bayrou's Vote of Confidence

French President Emmanuel Macron reaffirmed his commitment to serving his full term despite the upcoming vote of confidence requested by Prime Minister François Bayrou on September 8th, highlighting the importance of respecting the mandate given by the French people.

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What is the immediate impact of Macron's statement on the current political climate in France?

Macron's declaration reinforces his commitment to completing his presidential term, despite the impending vote of confidence. This strengthens his position and potentially reduces immediate political instability, though the outcome of the vote remains uncertain. The statement directly counters calls for his resignation or new elections.

t24.com.tr

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Aug 28, 10:22

SGK Extends Statute of Limitations for Overdue Social Security Premiums to 10 Years

Turkey's Social Security Institution (SGK) announced a new regulation on August 26th, extending the statute of limitations for overdue social security premiums to 10 years and clarifying rules on debt collection and eligibility for public tenders and government benefits.

SGK Extends Statute of Limitations for Overdue Social Security Premiums to 10 Years

Turkey's Social Security Institution (SGK) announced a new regulation on August 26th, extending the statute of limitations for overdue social security premiums to 10 years and clarifying rules on debt collection and eligibility for public tenders and government benefits.

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How does the new 10-year statute of limitations for social security debts compare to previous regulations, and what factors motivated this change?

This regulation addresses previous disputes where past-due premiums hindered participation in tenders and access to government benefits. The 10-year limitation period applies to debts determined through court rulings or SGK audits. Debtors will receive a notification and can choose to pay; unpaid debts won't trigger legal action.

theglobeandmail.com

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Aug 26, 16:19

Canadian Pharmacy Chain SRx Files for Creditor Protection After Failed Expansion

SRx Health Solutions Inc., a Canadian specialty pharmacy chain, filed for creditor protection on August 12, 2025, after an aggressive, debt-fueled expansion spree, resulting in $76 million owed to creditors, despite $99.5 million in assets and $66.2 million in liabilities. The company was acquired b...

Canadian Pharmacy Chain SRx Files for Creditor Protection After Failed Expansion

SRx Health Solutions Inc., a Canadian specialty pharmacy chain, filed for creditor protection on August 12, 2025, after an aggressive, debt-fueled expansion spree, resulting in $76 million owed to creditors, despite $99.5 million in assets and $66.2 million in liabilities. The company was acquired b...

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Good Health and Well-being

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What were the primary financial factors that led to SRx Health Solutions' insolvency?

SRx Health Solutions Inc., a Canadian specialty pharmacy chain, filed for creditor protection due to an aggressive expansion fueled by $55 million in debt from Canadian Western Bank. This resulted in unsustainable operating costs and ultimately led to defaulting on the loan in December 2023.

nbcnews.com

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Aug 23, 19:19

Federal Student Loan Wage Garnishments to Resume Soon

The U.S. Department of Education will soon resume wage garnishment for over 5.3 million student loan borrowers in default, potentially garnishing up to 15% of their disposable income, prompting calls for borrowers to act quickly to explore available options.

Federal Student Loan Wage Garnishments to Resume Soon

The U.S. Department of Education will soon resume wage garnishment for over 5.3 million student loan borrowers in default, potentially garnishing up to 15% of their disposable income, prompting calls for borrowers to act quickly to explore available options.

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What legal protections are available to borrowers facing wage garnishment for student loans?

The resumption of wage garnishments after a five-year pause due to the COVID-19 pandemic signifies a major shift for millions of borrowers. The government's ability to garnish wages, up to 15%, highlights the potential for significant financial hardship for many. However, legal protections exist, including hearings and challenges based on financial hardship or recent unemployment.

sueddeutsche.de

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Aug 18, 04:13

Lending Money to Friends: Navigating Financial Risks and Relationships

The article discusses the challenges of lending money to friends in Germany, emphasizing the importance of clear agreements and open communication to protect both financial interests and relationships.

Lending Money to Friends: Navigating Financial Risks and Relationships

The article discusses the challenges of lending money to friends in Germany, emphasizing the importance of clear agreements and open communication to protect both financial interests and relationships.

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What are the potential consequences of lending money to a friend and what steps can be taken to minimize risks to the friendship?

A friend needs 4000 euros for car repairs and is struggling financially. Lending money carries risks, but open communication and a written agreement can mitigate potential damage to the friendship. Failure to repay could strain the relationship.

lefigaro.fr

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Aug 31, 19:16

France's Fiscal Situation: A Worsening Outlook

Pierre Moscovici, former French finance minister, warns of a worsening French fiscal situation, stating that the deficit reduction plan proposed by the Socialist Party is insufficient to meet the 2029 deficit target and risks increasing the cost of debt.

France's Fiscal Situation: A Worsening Outlook

Pierre Moscovici, former French finance minister, warns of a worsening French fiscal situation, stating that the deficit reduction plan proposed by the Socialist Party is insufficient to meet the 2029 deficit target and risks increasing the cost of debt.

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What is the primary concern regarding France's current fiscal situation, and what are its immediate implications?

The primary concern is the insufficient deficit reduction plan proposed by the Socialist Party, which delays reaching the under-3% deficit target to 2032 instead of 2029. This delay increases the risk of higher debt costs and questions France's credibility in international markets.

forbes.com

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Aug 28, 07:20

Trump Shakes Up Puerto Rico's FOMB Amidst Ongoing Energy Crisis

President Trump's removal of five members from Puerto Rico's Financial Oversight and Management Board (FOMB) signals a potential turning point in the island's long-standing energy crisis, marked by PREPA's debt, inefficient infrastructure, and misuse of over $20 billion in federal recovery funds, le...

Trump Shakes Up Puerto Rico's FOMB Amidst Ongoing Energy Crisis

President Trump's removal of five members from Puerto Rico's Financial Oversight and Management Board (FOMB) signals a potential turning point in the island's long-standing energy crisis, marked by PREPA's debt, inefficient infrastructure, and misuse of over $20 billion in federal recovery funds, le...

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Affordable and Clean Energy

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What are the immediate consequences of the long-standing energy crisis in Puerto Rico and the recent changes in the FOMB?

President Trump removed five members of Puerto Rico's Financial Oversight and Management Board (FOMB) due to inefficiency, highlighting years of mismanagement in the island's electricity system, characterized by high costs, frequent outages, and squandered federal funds. The government-owned utility, PREPA, is deeply in debt and relies on outdated technology, hindering progress toward modernization.

theglobeandmail.com

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Aug 26, 22:20

Bayrou's Failed Confidence Vote Plunges France into Crisis

French Prime Minister Francois Bayrou's debt-reduction plan failed a confidence vote on September 8th, causing market turmoil (CAC40 down 1.5 percent, bond yields rising to 3.53 percent) and raising the prospect of a new prime minister or snap elections amid upcoming protests.

Bayrou's Failed Confidence Vote Plunges France into Crisis

French Prime Minister Francois Bayrou's debt-reduction plan failed a confidence vote on September 8th, causing market turmoil (CAC40 down 1.5 percent, bond yields rising to 3.53 percent) and raising the prospect of a new prime minister or snap elections amid upcoming protests.

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Decent Work and Economic Growth

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What are the immediate consequences of the French Prime Minister's failed confidence vote?

French Prime Minister Francois Bayrou's attempt to secure support for his unpopular debt-reduction plan through a confidence vote failed, triggering market declines and deepening political instability. The CAC40 index fell 1.5 percent, while 10-year French government bond yields hit a high of 3.53 percent. Opposition parties rejected the plan, increasing the likelihood of a new prime minister or snap elections.

theglobeandmail.com

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Aug 25, 16:13

Rising Canadian Debt Delinquency Highlights Economic Uncertainty

Equifax's August report reveals 1.4 million Canadians struggled with debt payments (April-June), a 9% year-over-year increase; young adults (18-35) were disproportionately affected, with delinquency rates surging nearly 20%, highlighting the impact of Canada's economic uncertainty and lack of a clea...

Rising Canadian Debt Delinquency Highlights Economic Uncertainty

Equifax's August report reveals 1.4 million Canadians struggled with debt payments (April-June), a 9% year-over-year increase; young adults (18-35) were disproportionately affected, with delinquency rates surging nearly 20%, highlighting the impact of Canada's economic uncertainty and lack of a clea...

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What is the immediate impact of Canada's current economic uncertainty on its citizens, particularly young adults?

Equifax's August report shows 1.4 million Canadians (5% of the adult population) struggled with debt payments between April and June, a 9% year-over-year increase. Young Canadians (18-35) were hardest hit, with delinquency rates up nearly 19% and 20% respectively for the 18-25 and 26-35 age groups. This reflects broader economic challenges.

smh.com.au

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Aug 22, 13:20

NDIS Agency Refunds $3.145 Million After Incorrect Debt Collection

The National Disability Insurance Agency (NDIA) incorrectly pursued $3.145 million in debts from 115 NDIS participants and 60 service providers due to "poor process and human error", prompting a review and subsequent refunds.

NDIS Agency Refunds $3.145 Million After Incorrect Debt Collection

The National Disability Insurance Agency (NDIA) incorrectly pursued $3.145 million in debts from 115 NDIS participants and 60 service providers due to "poor process and human error", prompting a review and subsequent refunds.

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How do the NDIA's debt collection errors compare to the "robodebt" scandal, and what are the underlying systemic issues?

This incident mirrors the "robodebt" scandal, highlighting systemic issues in government agencies' debt recovery practices. The NDIA's review found errors in nearly 25% of debts issued between 2017 and early 2024, underscoring a need for improved processes and oversight.

tr.euronews.com

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Aug 13, 04:14

Evergrande to be Delisted from Hong Kong Stock Exchange

Evergrande, once China's second-largest real estate company, will be delisted from the Hong Kong Stock Exchange on August 25th after a Hong Kong court ordered its winding up in January 2024 due to over \$300 billion in debt; trading had been suspended since January 2024.

Evergrande to be Delisted from Hong Kong Stock Exchange

Evergrande, once China's second-largest real estate company, will be delisted from the Hong Kong Stock Exchange on August 25th after a Hong Kong court ordered its winding up in January 2024 due to over \$300 billion in debt; trading had been suspended since January 2024.

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How did Evergrande's diversification strategy and debt-fueled growth contribute to its current financial crisis?

Evergrande's aggressive expansion fueled by debt, coupled with diversification into unrelated sectors, ultimately led to its downfall. The company's delisting reflects the broader crisis in China's real estate sector, triggered by government restrictions on excessive borrowing. This crisis has impacted property prices and raised concerns about China's overall debt burden.

Showing 25 to 36 of 320 results