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Avoid Debt

  • Morning Line: Are we doing enough to help young people avoid debt?

    By Deborah Hyde | 31 Oct 2008

    Morning Line: Are we doing enough to help young people avoid debt? by Deborah
    Hyde on Oct 31, 2008 at 11:42. The government is abandoning ...

    Shouldn't we be doing more to make sure that in the coming period of austerity the mantras of recent times are not passed on?

  • ‘Endgame’ for eurozone approaching fast, warn analysts

    By Max Julius | 13 Sep 2011

    ... Following the talks, Greece’s international lenders are set to write
    a fifth ‘progress report’ on the debt-ridden nation. ...

    ‘September is likely to be a defining month for the euro area’s destiny,’ says BarCap economist, while Goldman’s Jim O’Neill warns it’s likely ‘something “big” has to happen with Greece pretty soon’.

  • Geithner in 24-hour warning as US debt talks fold again

    By Dylan Lobo | 25 Jul 2011

    ... after the deadlock of last week. Our man in Washington: can US avoid debt
    catastrophe? Quinn Bowman is a freelance journalist based ...

    US Treasury secretary Tim Geithner has said the next 24 hours are critical after talks between the Democrats and Republicans on the US debt ceiling broke down again on Friday night.

  • Money Portal had debts of £55m; Honister deal avoided 'Armageddon'

    By Maryrose Fison | 24 Jun 2009

    ... TMP) was £55 million in debt, chief executive Mark Lund has revealed, and its
    break-up and sale to Honister Capital was necessary to avoid an 'Armageddon ...

    The Money Portal (TMP) was £55 million in debt, chief executive Mark Lund has revealed, and its break-up and sale to Honister Capital was necessary to avoid an 'Armageddon scenario'.

  • Card charges: Take a break with a fee-free flexible friend

    By Lorna Bourke | 20 Jul 2011

    ... But if you want to avoid paying a premium while you are spending your holiday cash,
    now is the time to sort out your debt and credit cards because using the ...

    Fed up with paying a premium on credit or debit card payments overseas? Our guide to trumping the charges will help you beat the holiday blues. 

  • Obama taunts and cajoles, but still no debt deal

    By Charlie Parker | 26 Jul 2011

    ... after the deadlock of last week. Our man in Washington: can US avoid debt
    catastrophe? Quinn Bowman is a freelance journalist based ...

    Leading analysts continue to brand the prospect of a US default as unthinkable, though the rhetoric in Washington continues to rise even as the deadline creeps ever nearer.

  • Investment Line: Buy selectively in US and core Europe, avoid UK

    By Angus Foote | 25 Mar 2010

    ... its debt trap. For now though, “crisis” does not describe their current predicament,
    yet that bed of nitroglycerine must be delicately handled. Avoid the ...

    Pimco chief Bill Gross identifies the countries which according to his strict 'vigilante' criteria are most likely to escape the debt trap.

  • Treasuries and Dow set for hammering on default fear

    By Dylan Lobo | 25 Jul 2011

    ... after the deadlock of last week. Our man in Washington: can US avoid debt
    catastrophe? Quinn Bowman is a freelance journalist based ...

    Yields on Treasuries have jumped and the Dow is tipped to open 100 points lower after talks between the Democrats and the Republicans on the debt ceiling broke down on Friday night.

  • Bill Gross warns: UK is a 'must avoid'

    By Philip Haddon | 26 Jan 2010

    ... 'The UK is a must to avoid. Its Gilts are resting on a bed of nitroglycerine. High
    debt with the potential to devalue its currency present high risks for bond ...

    Bond king Bill Gross has highlighted the countries investors should be wary of in 2010, singling out UK gilts in particular as a must to avoid, as they are founded 'on a bed of nitroglycerine.'

  • CEBR: forget Berlusconi, battered Italy can't avoid bailout

    By Sarah Miloudi | 04 Aug 2011

    ... Fingers crossed but there is a real chance that Spain may avoid default and
    debt restructuring unless it gets dragged down by contagion. ...

    The Centre for Economics and Business Research says Italy will be forced to go cap in hand to EU policymakers for a rescue package, sounding the end of the eurozone's 12-year era.

  • Europe scrambles to avoid Greek default, but S&P downgrades

    By Charlie Parker | 10 May 2011

    ... The European Central Bank (ECB) and European Commission are privately briefing
    that they see a debt restructuring as a 'must avoid' event. ...

    European policymakers are preparing an extension to Greece's bail-out, but pressure is mounting for private bondholders to take some of the pain.

  • How long can we avoid a day of reckoning on national debt?

    By David Campbell | 20 Aug 2009

    David Cameron has raised the prospect of a default on our national
    debt but how long can we avoid the reckoning? How ...

    David Cameron has raised the prospect of a default on our national debt but how long can we avoid the reckoning?

  • US Debt: why the deadlock may not turn to disaster

    By Max Julius | 26 Jul 2011

    ... The wild card in all of this is the ratings agencies.’ Indeed, S&P noted that raising
    the debt ceiling was necessary but not sufficient to avoid a downgrade. ...

    An eerie calm has descended over markets as the world waits to see if President Obama and his Republican opponents can settle their differences over US borrowing and avoid a credit downgrade.  

  • Why Greece faces a 76% debt haircut - and could still default

    By Sarah Miloudi | 27 Apr 2011

    No country with a debt/GDP ratio of 150% has ever been able to avoid
    a default, so why should Greece be any different? ...

    No country with a debt/GDP ratio of 150% has ever been able to avoid a default, so why should Greece be any different?

  • Bid for debt rollover ‘won’t close Greece’s solvency gap’

    By Max Julius | 23 Jun 2011

    ... He said: ‘I think it will be very difficult for the policymakers to avoid the internal
    request that if Greece gets debt relief, why should the Irish and ...

    EU attempts to persuade holders of Greek government bonds to roll over the country’s debt ‘voluntarily’ will fail to make Greece solvent, a senior Barclays Capital economist has warned.

  • FTSE hits three-week high after Greece ‘avoids imminent disaster’

    By Max Julius | 29 Jun 2011

    ... favour of a deeply unpopular austerity plan on Wednesday, enabling Greece to win
    access to international funding and avoid the eurozone’s first debt default. ...

    The FTSE 100 posted its fourth consecutive day of gains, rising 1.54%, or 89 points, to 5,856 – a three-week high.

  • Osborne: cuts needed to avoid UK debt crisis

    By Michelle McGagh | 08 Apr 2011

    Osborne: cuts needed to avoid UK debt crisis. by Michelle McGagh on Apr 08,
    2011 at 08:08. Chancellor George Osborne has said Britain ...

    Chancellor George Osborne has said Britain will be hit by a sovereign debt crisis if businesses and unions do not back the government’s £110 billion spending cuts.

  • Jim O'Neill: Spain can avoid the path of Greece and Portugal

    By Amy Williams | 28 Mar 2011

    Jim O'Neill: Spain can avoid the path of Greece and Portugal. ... to show domestic demand
    growth in the foreseeable future surrounded by such large debt refinancing ...

    Goldman Sachs'  Jim O'Neill thinks negativity on Spain is all coming from outside and the country and it need not go down the same path as the likes of Greece and Portugal.

  • M&G bond star challenges Pimco gilt bear Bill Gross

    By Dylan Lobo | 29 Jan 2010

    ... In his monthly investment outlook, Pimco's Gross said high debt in the UK, along
    with the potential for currency devaluation, means gilts are a must avoid. ...

    M&G fixed income fund manager, Citywire AA-rated Richard Woolnough, has challenged Bill Gross' view that gilts should be avoided at all costs as they rest 'on a bed of nitroglycerine.'

  • Top EM debt manager sees fantastic opportunities in post-Castro Cuba

    By Philip Haddon | 10 Jun 2008

    ... He only invests in sovereign debt, avoiding corporates, and puts his performance
    down to having faith in his process and standing by his investments. ...

    Europe's most consistent emerging bond manager, Sydinvest's Phillip Blackwood, has been buying bonds from Cuba and thinks the country offers 'massive potential'. Meanwhile he singles out Venezuela and Nigeria as other key plays.

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