A new study found that an increase in house value is directly related to an increase in household debt among property owners. The University of Sydney used a Household Income and Labour Dynamics in Australia (HILDA) data set from 2001 to 2012 to study the relationship among house prices, household debt and the labour market.…
* European corporate bankruptcies higher than pre-crisis * EU wants early warning alerts to prevent bankruptcies * Companies to receive support for early restructuring By Francesco Guarascio BRUSSELS, Oct 5 (Reuters) – An external early warning system for companies at risk of insolvency is central to a European Commission’s draft proposal to cut the region’s…
New South Wales is debt free, the Government has said, but the Opposition has questioned its budget priorities. New Total State Sector Accounts figures show the final surplus for the 2015-16 financial year was $4.7 billion – more than $1 billion larger than predicted in the June budget. General government sector net debt fell…
* European corporate bankruptcies higher than pre-crisis * EU wants early warning alerts to prevent bankruptcies * Companies to receive support for early restructuring (adds comment from EBA’s Enria, details) By Francesco Guarascio BRUSSELS, Oct 5 (Reuters) – An external early warning system for companies at risk of insolvency is central to a European Commission’s…