What will be the implications for the country’s future as it braces for the introduction of a sovereign debt crisis?

SBA government loans are to be scrapped and replaced with bonds that will be issued through the government’s sovereign credit agency.The move will see the sale of a record €8bn of bonds that would be issued by the agency as part of a €2.5bn package that is due to be unveiled on Wednesday.Sebastian Saab, the former finance minister who led […]

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How to cut spending as China’s economy falters

China has been making major changes in its economic policies to boost growth, and now the world’s second-largest economy faces a bigger fiscal challenge.The People’s Bank of China on Wednesday cut its benchmark rate for lending to banks by a quarter of a percentage point, the first major cut in almost three years.The central bank said it will increase the […]

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