AS THE financial crisis took its toll and Britain slid into a severe slump in 2008 and 2009, one big worry was that the economy would also slip into deflation, exacerbating the difficulties of debt-laden households and firms.
The difficulty of debt recovery is a bar to foreign direct investment (FDI), costing jobs and know-how (Italy's stock of FDI as a share of GDP is the lowest of any big European economy).
24), which described difficulties of erasing student debt: One common practice not mentioned in your article is not unlike what brought down the housing market: students borrowing beyond their needs and their means.
"Bond markets are booming because companies have had difficulty getting the level of debt they want out of banks onshore or offshore, and in tapping equity markets," said Nick Gronow, a senior managing director at FTI Consulting in Hong Kong and an expert in Chinese bankruptcies.
His senatorial effectiveness and his presidential hopes are compromised by his difficulties in digging himself out of debt.
Some now have hefty levels of debt; when difficulties in meeting repayments arise, debts are more likely to be rescheduled than forgiven.
"I think everyone concerned under-estimated the enormous damage that had been done to the country as a result of the collapse of the financial system and the great difficulties we have in growing out of debt.
This is because the leveraged buyout deals that private equity houses have focused upon in recent years have fallen dramatically in number because of the difficulties associated with raising significant amounts of debt.
Money, credit, debt and financial aid are all important lessons you need to impart now so that your child doesn't face a lifetime of debt and financial difficulties.
The prime minister said of the chancellor's statement: "We have been working to a long-term plan, and what you are going to see in this autumn statement is the next steps in that long-term plan, a long-term plan to turn the country around, to get us out of our difficulties with debt and deficit and to secure jobs and recovery for all our people – a recovery for all.
