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31.08.26 - 10:00
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US Debt Matters, But The Euro Area May Create The Next Crisis (ZeroHedge)
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US Debt Matters, But The Euro Area May Create The Next Crisis
Authored by Daniel Lacalle via dlacalle.com,
The US $40 trillion debt has dominated global headlines. However, although the US fiscal challenges are relevant, we must remember an important lesson. Fiscal policy is not about who wins but who loses first.
According to official 2026 estimates, the present value of U.S. Social Security and Medicare financing gaps is about $95 trillion over 75 years, roughly 5% of the cumulative present value of projected GDP over that period, on top of federal debt held by the public, which is already projected at 101% of annual GDP in 2026.
However, the euro area's hidden fiscal burden is at least as large as its recorded debt. Official European Commission estimates put net accrued public-pension liabilities at around 150% of GDP, after future contributions are considered, while gross pension promises amount to roughly 371% of GDP. Importantly, this excludes much of the future pressure from health and...
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28.08.26 - 20:01
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Europe′s Economy Is Gaining More Momentum, ECB′s Kocher Says (Bloomberg)
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European Central Bank Governing Council member Martin Kocher says, “the European economy is more resilient than many people think, it is showing some momentum now, more momentum.” He discusses his takeaways from Federal Reserve Chairman Kevin Warsh's speech and watching for potential signs of second-round effects in inflation over the coming months. He speaks with Lisa Abramowicz on the sidelines of the Fed's annual economic symposium in Jackson Hole, Wyoming. (Source: Bloomberg)...
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27.08.26 - 16:13
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Eurokurs gefallen - EZB-Referenzkurs: 1,1645 US-Dollar (DPA-AFX)
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FRANKFURT (dpa-AFX) - Der Euro-Kurs ist gefallen. Die Europäische Zentralbank setzte den Referenzkurs auf 1,1645 (Mittwoch: 1,1669) US-Dollar fest. Der Dollar kostete damit 0,8587 (0,8569) Euro.Zu anderen wichtigen Währungen legte die ......
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Devisenmarkt Europa 6386.95 -0.3% (E.St.50 Kurs)
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