Übersetzung für "Privaten schulden" in Englisch

But this time, mismanagement of the financial sector had loaded huge debts onto households.

Paying down private and public debt simultaneously depresses growth.

Justice and private debts are not an important subject of public concern.

Parts of what had been private debt were converted into public debt.

Millions of Americans have filed for personal bankruptcy since 2008 , thereby extinguishing their personal debt.

The first is how to navigate out of the current overhang of both private and public debt.

The Byava Bahis refer to various rates of interest and private debts and credit accounts of the States.

We reiterate the view of need of separation of sovereign and private debt.

However, it is not within our power to take away the currency risk of private debt from our citizens, and we do not want to behave like hooligans by unilaterally introducing the euro or allowing the euro to circulate in tandem with our national currency.

Countries then transformed that private debt into public debt, and this is the problem Greece is having to contend with now: an unbearable level of public debt.

I believe that we have all realised by now that many European countries are in difficulties. They have a huge burden of debt, including both private debt and an unacceptable level of public debt.

Mr Barroso and Mr Van Rompuy, tell me this morning - because you have not done so yet - about the morality of transferring tens of billions of euro of private bad debts by speculators and bankers gambled wildly on the Irish property market and placing those debts on the shoulders of the Irish people who carry no responsibility whatsoever for them.

Yes, we need to return to a situation where finance is there to serve the economy and the economy is there to serve citizens; and no, we can no longer build our economies on debt, be it public or private, on deficit and on speculation.

It would be absolutely irresponsible for countries with such a level of public or private debt to water down their efforts at budgetary consolidation and structural reforms at the moment.

This text condemns the refusal by the Icelandic people to repay the debts run up by private banks, even though they voted by a very large majority against that repayment.

The framework to control public debt and private debt should support long-term growth, taking due account of the anti-cyclical role of budgetary policy as well as improving the preconditions for investments and the development of the internal market, which is essential to ensuring the correct functioning and the strengthening of the economic and monetary union.

It is important that the system intended to manage public and private debt should support long-term growth.

Given the huge levels of outstanding private and public debt, bad deflation, as Bootle writes, “is a nightmare almost beyond imagining."

In a recent speech in Chicago, Irish President Michael D. Higgins explained how private debt became sovereign debt: “As a consequence of the need to borrow so as to finance current expenditure and, above all, as a result of the blanket guarantee extended to the main Irish banks’ assets and liabilities, Ireland’s general government debt increased from 25% of GDP in 2007 to 124% in 2013.”

This would require accepting massive losses on public and private debt, as well as enormous transfer payments that boost the periphery’s income while its output stagnates.

While private debt as a share of GDP stabilized, public debt increased by 50% in the five years after the bust.

Since a “haircut” can be imposed only on whatever is left of the defaultable private debt, the larger the IMF share, the deeper the haircut needed to restore sustainability.

Although there are many explanations for the eurozone’s lagging recovery, it is clear that the overhang of both public and private debt looms large.

After all, competitiveness-enhancing reforms in many advanced economies remain far from complete, while the ratio of these countries’ total public and private debt to GDP is now 30% higher than before the crisis.

As a rule of thumb, an emerging economy’s total private- and public-sector debt should not exceed 100% of GDP.

In Europe, the United Kingdom, and the US, we are feeling the effects of the unsustainable levels of public and private debt accrued in the years before 2008.

To the extent that tolerance of above-target inflation also reflects a desire to erode the real value of public and private debts, market interest rates could soar, leaving indebted governments and households in even greater trouble.

In particular, the temptation for governments to use inflation to reduce the real value of public and private debts may become overwhelming.

Irving Fisher’s prescient warning in 1933 about such a debt-deflation spiral resonates strongly today, given that public and private debt levels are at or near historic highs in many countries.

Third, while ECB policies keep borrowing costs lower, private and public debt in the periphery countries, as a share of GDP, is high and still rising, because the denominator of the debt ratio – nominal GDP – is barely increasing.