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Debt and default - February 2010
iceland
President Olafur Grimsson announced on January 5 that he would not sign the Icesave bill, putting at risk the revision of the IMF's programme for Iceland and assistance for other European states.
[Full Article]
public sector solvency
The starting point for assessing debt sustainability is the conventional notion of solvency. [Full Article]
european union
The EU's Stability and Growth Pact sets limits for states' deficits, but has long been plagued by doubts over its enforceability. [Full Article]
the month ahead
Inflation rose in December 2009 to 2.6%, following November's 2.1% year-on-year increase. [Full Article]
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