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Examples
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The reason my confidence level is not what was is because I was pretty confident we could get to $4 or $5tn.
Super-committee will reach debt deal before deadline– House majority leader 2011
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The bill will raise the US debt ceiling by $900bn over the next few months and by another $1.5tn early next year.
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Nout Wellink, a member of the ECB's governing council, warned that the EU bailout fund would have to double to €1.5tn if Greece does fail to pay its debts and spreads financial turmoil to other countries.
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The committee was asked to cut the deficit by $5tn but has to come up with a minimum of $1.2tn.
Super-committee will reach debt deal before deadline– House majority leader 2011
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Willem Buiter, the Citigroup economist and founder member of the Bank of England's monetary policy committee, reckons at least €2.5tn is needed if the EFSF is to be a credible weapon to defend the euro.
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The output of the economy was just short of £1.5tn so the national debt is about 60% of GDP.In Greece's case, the position is much more serious.
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The output of the economy was just short of £1.5tn so the national debt is about 60% of GDP.In Greece's case, the position is much more serious.
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The US deficit for 2011, for instance, is projected at $1.5tn.
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Under that measurement, the IMF's World Economic Outlook listings for 2009 – the most recent figures – give China's GDP as $5tn and the US's as $14tn.
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Analysts at Barclays Capital calculating the impact of the EBA's capital requirements reckoned up to 10% of eurozone bank assets – between €0.5tn and €3tn – could be withdrawn as banks shrink their business to reduce their capital needs.
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