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Household debt concern.
This more than supports the country's inclusion in the infamous 'PIIGS' acronym (Portugal, Ireland, Italy, Greece and Spain) used to refer to the areas of sovereign debt concern.
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In reality, US rates are down, suggesting no increase in debt concerns whatsoever.
Are debt concerns most important, or should stimulus be as large as politically possible?Obviously, economics has considerable explanatory power.
"This a reminder that all these debt concerns left over from the bubble have not been fully resolved.
Later, as the markets fell on European debt concerns, Paulson & Company's portfolio tumbled along with it.
The strong economic data come despite debt concerns and fiscal austerity measures across Europe, China's biggest trading partner.
"The impact of the government debt concerns on the global economy is still unclear," Mr. Zalm said in a statement.
This seems especially pointed because I have in the past used Italy's ability to carry debt exceeding its GDP as an illustration that debt concerns were overblown.
But 10-year bond yields fell back below 2%, once again, so the lack of a debt deal has done nothing to increase debt concerns.
The European operation has been weighing on the company's bottom line in recent quarters, as a result of sovereign debt concerns and general economic weakness.
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