Definition: This entry records the cumulative total of all government borrowings less repayments that are denominated in a country's home currency. Public debt should not be confused with external debt, which reflects the foreign currency liabilities of both the private and public sector and must be financed out of foreign exchange earnings.
Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2014See also: Public debt map
Returning to South America, pope says countries owe debt to their poor
Today’s Catholic News - 7/6/2015 8:04:43 PM
The pope’s visit followed a period of public ... pope that his country is culturally diverse, with a mixed-race majority, as well as 14 indigenous peoples, including two nomadic groups that continue to shun contact with the outside world.
Thomas Piketty Explains Why the Germans Are Being Massive Hypocrites About Greece's Debt
Slate - 7/6/2015 11:15:00 AM
What struck me while I was writing is that Germany is really the single best example of a country that, throughout its history, has never repaid its external debt. Neither after the First nor the Second World War ... The history of public debt is full ...
In an interconnected world, India cannot escape Greece crisis's fallout
Rediff India Abroad - 7/7/2015 5:08:45 AM
Even if only 19 out of the 28 countries in Europe are part of the Eurozone ... Edwards sought to remind the world what the Greeks know, namly that its "public debt" was originally owed to private investment banks like Goldman Sachs.
Tsipras wins at home, but debt problems remain
USA Today - 7/6/2015 1:38:10 PM
Since 2010, Greece has borrowed $266 billion, the biggest loan given to a country in history. Despite austerity policies adopted by the government, Greece's public debt has risen to nearly double its annual economic activity and unemployment has ...
A big, fat Greek no: What the rejection of bailout terms means for the country
Firstpost - 7/6/2015 11:00:41 AM
The country owes $271 billion to its lenders and Germany ... Unable to borrow money on capital markets, Greece has one of the world's highest levels of public debt. The IMF warned last week that it would need massive debt relief and 50 billion euros ...
Greece: Tragic proof the world leans to the economic left
commdiginews.com - 7/6/2015 11:10:50 PM
the world followed. When the U.S. ran up a public debt that exceeded annual income, other countries followed suit, although some were already ahead of the curve. The problem with the example that the U.S. has set is that it places a higher priority on ...
Piketty calls Germany's moral stance on Greek debt a 'huge joke'
The Business Insider - 7/6/2015 1:23:51 PM
The French state suffered for decades under this debt. The history of public debt is full ... like after World War II. He believes that legislators should be given a more substantial role in their countries’ budgetary processes. "To undermine European ...
Puerto Rico's 'unpayable' debt: is this the Greece of the western hemisphere?
theguardian.com - 7/7/2015 3:42:51 AM
“We have to deal with reality, but we cannot become a country in the service of our public debt.” He said that Puerto Rico was ... Fernandez said “the whole world celebrates an independence day, but we don’t. We’re strange.”
Revolutionary Pope Calls for Rethinking the Outdated Criteria That Rule the World
Truth Out - 7/6/2015 3:32:42 PM
Most papal encyclicals are addressed only to Roman Catholics, but this one is addressed to the world. And while its main ... rapidly in Italy and other European countries. They soon evolved into banks, which were public in nature and served public and ...
Brazil's BR Home Centers seeks public firm registry, eyes IPO
Reuters - 7/6/2015 8:54:50 PM
making it one of the country's top-five construction materials retailers, according to its website. The decision to go public comes more than a year after speculation mounted that the Moraes were seeking a buyer for the company. Rio de Janeiro-based asset ...
Even Debt Relief Can't Save Greece
Seeking Alpha - 7/6/2015 1:02:23 PM
An artificially low exchange rate has helped make the country the world's greatest exporter ... Without doubt transferring Greek sovereign debt from private to public balance sheets, establishing emergency funding vehicles, and initiating QE (along ...
The Latest: Greek 'no' welcomed by Portuguese Socialists
Northern Star - 7/6/2015 1:02:23 PM
He added that "negotiations can only be resumed when the Greek government is willing to cooperate and commit itself to measures to stabilize the country's public economy and implement the structural reforms required for debt ... the world over is just ...
The Greek debt drama in 7 acts
The Star - 7/6/2015 5:48:43 PM
The European Central Bank may also incur some of the debt, Maley said. “The ECB holds almost €20 billion in Greek government bonds, while central banks in other eurozone countries hold ... this affect the rest of the world? Stocks in the U.S. slipped ...
Greek Debt Committee declares all debt to the Troika ‘illegal, illegitimate, and odious’
Workers World - 7/6/2015 11:53:47 PM
It concludes that the increase in debt was not due to excessive public spending, which in fact remained lower than the public spending of other Eurozone countries, but rather due to the payment of extremely high rates of interest to creditors, excessive ...
Germany says debt cuts are not Europe's favoured tool
Channel News Asia - 7/6/2015 12:48:04 PM
This has been very successful in all countries that agreed to aid programmes, except Greece," he added. Europe did agree on a debt "haircut" for private investors in Greek bonds several years ago but had rejected a writedown for the public sector.