Many people in Spain have mortgage debt they can't afford to pay back. Now private banks are going into schools to give kids finance lessons to help them manage money better later in life.
High levels of corporate, government and household debt are undermining China’s financial stability, the IMF said in a report. It urged Beijing to halt credit-fueled growth and bulk up on banks' capital reserves.
Economist Steve Keen specializes in researching how private and public debt mountains arise and generate financial crises. In an interview with DW, he explains how the ECB could solve the problem — but probably won't.
Although European economies have experienced a steady upswing in recent years, not enough has been done to prepare for a rainy day, the IMF has said in a fresh outlook. It cited a number of risks to be aware of.
Could the EU have mediated in the conflict? Yes, if it had been allowed to do so. Now, though, it must look to the future. There is no alternative to supporting the government in Madrid, writes DW's Bernd Riegert.
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