Austria is tightening regulations for small loans and online purchases on account under the new EU Consumer Credit Directive, which comes into effect on November 20, 2026, to better protect consumers from over-indebtedness. #Verbraucherschutz #Kredite #Onlineshopping (translated)
US Ambassador to Greece, Kimberly Guilfoyle, is facing increasing pressure due to allegations of corruption and a request to a donor to pay her credit card bill, as both Republican and Democratic senators call for an investigation. #KimberlyGuilfoyle #Bestechlichkeit #USBotschafterin (translated)
Furkan Yildirim wrote that the US Treasury could auction fewer long-term government bonds as early as November and possibly discontinue the 20-year term altogether. According to Yildirim, Citigroup expects Secretary of the Treasury Scott Bessent to announce a $3 billion reduction in auctions for 20- and 30-year bonds each on November 4. The financing gap is to be closed with government securities maturing within a year at the latest. The department may also ask large banks next week whether pension funds now prefer bonds from Amazon, Meta, and Alphabet to those of the state. The 20-year bond was reintroduced in 2020 after a 34-year hiatus and now offers nearly 5.7 percent interest, more than any other US maturity. At the end of 2020, its yield was just under 1.5 percent. At the same time, Alphabet, Amazon, Meta, Microsoft, Oracle, and SpaceX had already issued dollar bonds amounting to more than $180 billion in 2026; according to Yildirim, Amazon's bonds extend to 2076. According to asset manager TwentyFour, which Yildirim cited, Japanese investors are now receiving enough interest at home to invest their money there. Citi strategist Jason Williams wrote that pension funds may currently be more inclined than usual to invest in long-term corporate bonds of good quality. However, BNP Paribas strategists doubted that smaller auctions would reduce the government's financing costs. Yildirim also pointed out that the yield on 10-year US bonds serves as a basis for mortgages and many other loans, and Bessent had referred to it as an important measure of his success. With an annual deficit of nearly $2 trillion, the debt burden continues to grow as competition for long-term buyers increases. #Finanzen #Anleihen #Wirtschaft (translated)
Trump's ambassador to Greece, Kimberly Guilfoyle, is under investigation due to allegations that she asked a legal advisor for a payment of $100,000 to settle credit card debt in exchange for access to high-ranking officials of the administration. #istraga #korupcija #kimber (translated)
According to President Gitanas Nausėda, the implementation of projects takes too long, and state institutions lack the flexibility to learn and cooperate with Ukraine by adopting its experience. #LietuvosBiudžetas #Kreditingumas #Palūkanos (translated)
"If we are no longer meeting the Maastricht criteria, there must be very significant reasons for that. The chairman of the ruling coalition's Democratic Union 'For the Homeland', MEP Virginijus Sinkevičius, says he has no information on why next year Lithuania's state budget deficit will exceed 3 percent." #LietuvosBiudžetas #Kreditingumas #Palūkanos (translated)
Prime Minister Mindaugas Sinkevičius announced this week that 43.92% of all allocated funds for defense have now been used. #LietuvosBiudžetas #Kreditingumas #Palūkanos (translated)
Virginijus Sinkevičius states that due to the increased budget deficit and non-compliance with the Maastricht criteria, Lithuania's creditworthiness may be reduced, and interest rates may rise even further. #LietuvosBiudžetas #Kreditingumas #Palūkanos (translated)
"The core of the new regulation is a limited credit capacity of the Autobahn GmbH starting in 2027," said department head Steffen Bilger. #Haushalt #Schuldenbremse #Ampelkoalition (translated)
The federal government has passed a change in legislation that will allow the Autobahn GmbH to have limited borrowing capacity starting in 2027, resolving an earlier dispute between Christian Lindner and Olaf Scholz over debt for infrastructure. #Haushalt #Schuldenbremse #Ampelkoalition (translated)
It was stated in the announcement that Moody’s confirmed Croatia's credit rating of A3 last night, with stable outlooks, at an investment level. The author described the assessment as yet another confirmation of the actions of the Government of the Republic of Croatia during times of geopolitical uncertainties and external shocks. https://t.co/cpVEH4zthK #Hrvatska #kreditnirejting #investicije #HR (translated)
Moody's Agency has confirmed Croatia's credit rating of 'A3' with stable outlooks, emphasizing strong institutions and governance systems, but warning of risks related to rising expenditures and dependence on external demand, particularly due to concentration in tourism. #Hrvatska #kreditniRejting #NacionalniPlanOporavka (translated)
The financial industry in Sweden is facing a necessary modernization of the regulations surrounding indebtedness, with a focus on improving support for debtors and using technology to detect and manage financial difficulties earlier, while at the same time preserving the balance and legitimacy of the credit market. #överskuldsättning #kreditgivning #skuldsanering (translated)
To promote the growth of the Chinese economy, the government has released unused state credit quotas worth 73.5 billion euros to strengthen local government finances and increase investments in infrastructure. #China #Wirtschaft #Investitionen (translated)
Germany's increasing debt means that by 2030, over a quarter of the federal budget will be financed through credit, which simultaneously leads to a sharply rising interest burden. #Verschuldung #Bundeshaushalt #Zinsen (translated)
Furkan Yildirim wrote that US consumer inflation expectations had risen to 3.9 percent, reaching the highest level since May 2023. A month earlier, they had been at 3.6 percent. For the next twelve months, Americans expected price increases of 9.2 percent for medical costs, 7.5 percent for education costs, 6.8 percent for rents, 5.5 percent for food, and 4.8 percent for gasoline. Wages were expected to rise by only 2.6 percent during the same period. At the same time, households planned to spend 5.5 percent more – the highest figure since May 2023. Their income was only expected to grow by 3.1 percent, according to Yildirim. He also wrote that more households reported a worse financial situation than a year ago and that loans were harder to obtain. Prices were outpacing wages, he summarized. #Inflation #Wirtschaft #Verbraucherpreise (translated)
Analysts estimate that the Chinese real estate market could begin to emerge from a years-long crisis, with a possible recovery in prices in major cities like Beijing and Shanghai as early as next year, thanks to new government measures and subsidies for housing loans. #nekretnine #Kina #šangaj (translated)
The Croatian National Bank is tightening credit criteria due to the decline in bank capital and the increasing indebtedness of citizens, along with a warning about the risks associated with global economic turbulence. #HNB #banke #krediti (translated)
The number of Danes who have set up a credit warning after the CPR leak has dramatically increased to almost 970,000 in a week to protect themselves against identity theft. #CPRlæk #Kreditvarsel #Identitetsbeskyttelse (translated)
In Austria, 20 percent of invoices are now paid late, which is attributed to a weak economy and consumer reluctance, while only 42 percent of companies assess their business situation positively. #Rechnungen #Kreditschutz #Wirtschaftslage (translated)
