Today, one of the main topics of all world media is the debt crisis that erupted in Europe. The absolute and relative values of various types of debt (external, state, corporate) of such countries as Greece, Spain, Italy, other countries of the European Union and the euro zone are called. For many of these countries, public debt has exceeded 100 percent of GDP. In the eurozone as a whole, at the end of this year, the level of total public debt is estimated at 88% of GDP. They also began to recall more often the United States, whose state debt reached 100% of GDP this year. Continue reading
Not only houses, cars and other durable goods are bought on credit. Securities are also bought on credit. They are also expensive, and lending is a natural means of competition between sellers of securities. What motivates investors to buy securities on credit and pay interest? This is done in the expectation that the value of securities will grow faster than the interest on the loan. If lending is so profitable, then why not everyone and not always do it?
Not only houses, cars and other durable goods are bought on credit. Securities are also bought on credit. They are also expensive, and lending is a natural means of competition between sellers of securities. The market only becomes civilized when the buyer can take a cash loan on the security of his purchase, and the seller can borrow securities if he does not have his own or does not want to part with them. Continue reading
Economic crimes are part of mercenary crime directly related to economic relations in the country and in the world. Understanding of this group of acts is even more uncertain than self-serving crime itself. Nevertheless, these crimes are considered in many countries as a relatively independent group. And there are many reasons for this – economic, social, criminological and even political.
The criminological significance and volumes of economic crime do not coincide in countries with command and market economies, but in any society it cannot be ignored. Continue reading