Created Sat 24th Jan 9:30am PST by 
ryanj
ryanj 
Will any Eurozone country 'debt default' in 2009?
Background: Debt Default is defined as a country defaulting on its debt. The EU has attempted to downplay the possibility of this happening as the Euro and Pound take a beating on the markets. The Eurozone does not include all 27 EU nations but just the 16 using the Euro.
The EU's main finance officer has said: "I don't think at all the risk of default is important. Risk of default ... always exists in the private and public sectors, but in the case of euro area members I don't think the risks are high or are significant,"
In recent weeks the economies of Spain, Ireland, Greece and Germany have been the hardest Eurozone countries hit.
The EU's main finance officer has said: "I don't think at all the risk of default is important. Risk of default ... always exists in the private and public sectors, but in the case of euro area members I don't think the risks are high or are significant,"
In recent weeks the economies of Spain, Ireland, Greece and Germany have been the hardest Eurozone countries hit.
Settlement details:As reported by a major mainstream news source.
Forecast history %
| Yes |
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| No |
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Question suspends in 5 weeks
- Activity: H$34,451 |
- Predictions: 48 |
Comments: 0
Get widget!Predictions (48)
frogchop
predicted No (H$10,000 at 85%)
rogerkni
predicted Yes (H$700 at 34%)Comments (0)
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This news is selected automatically based on the question, its background, options and tags
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score: 10
The Independent 30 weeks ago
isn't taken to bring down the fiscal deficit. Credit ratings are meant to measure the risk of default, and if a government is borrowing in its own currency, then the chances of a sovereign nation defaulting are virtually zero. This is because if the
score: 10
BBC 30 weeks ago
The EU can only take sanctions against eurozone members The European Union has ordered France, Spain, Ireland and Greece to reduce their budget deficits - the difference between their spending and tax take. Countries that use the euro
score: 10
Forbes.com 30 weeks ago
April 23 (Reuters) - Spain could be sliding towards harsh budget cuts like those forced on another former euro zone high-flyer Ireland. Concern about Ireland's deficit and exposure to bank losses pressured its government to slash spending and hike taxes
score: 10
CNBC 30 weeks ago
By Marcin Grajewski BRUSSELS, April 22 (Reuters) - The euro zone's budget deficit and debt levels rose sharply in 2008, data showed on Wednesday, as the recession hit government revenues and schemes to boost economic growth emptied its coffers
score: 10
Boston Globe 30 weeks ago
Union governments' budget deficits rose last year as they spent billions to rescue banks while tax revenues plummeted, EU statistics showed Wednesday. Twenty-one of the EU's 27 states saw their public finances worsen in 2008, the EU statistic agency
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