Gross Domestic Product

Catalonia Threatens Spain With "Financial Bloodbath"

Catalonia’s independence would set off Spain’s debt time-bomb... It would mean the loss of 25-30% of Spain’s gross domestic product (GDP), says Spain’s Minister of the Economy, Luis de Guindos. And that’s something the government “will never let happen.”

Does The World End In Fire Or Ice?

Japan has managed to offset decades of deflationary dynamics, but at a cost that is hidden beneath the surface of apparent stability. Do we implode in a deflationary death spiral (ice) or in an inflationary death spiral (fire)?

"There Was White Smoke": Greece Reaches Deal With Lenders, Promising Even More Austerity

With promises to further cut pensions and give taxpayers fewer breaks, Greece paved the way for the disbursement of further rescue funds from international lenders and possibly opened the door to reworking its massive debt Reuters reported. Greek Finance Minister Euclid Tsakalotos announced it with a term associated with papal elections. "There was white smoke" he told reporters.