Debt restructuring involves adjustments to the terms of debt, either through legal action or by agreement, to provide more favorable conditions for the debtor to meet financial obligations. It can involve both corporate and sovereign entities.
The Eurozone comprises the 19 member countries of the European Union that have adopted the euro as their currency, collectively managed under the monetary policy dictated by the European Central Bank.
An often derisive acronym referring to the heavily indebted Southern European nations of Portugal, Ireland, Italy, Greece, and Spain.
Public debt, also known as government debt or sovereign debt, refers to the borrowings by governments to finance expenditures not covered by current tax revenues. It is accumulated by the government through the issuance of securities such as bonds and is an essential part of fiscal policy and economic management.
Evaluation of the credit and investment risk of a securities issue by commercial rating agencies.
Sovereign debt is debt issued by a national government in the form of bonds denominated in a foreign currency. It is often considered a low-risk investment, but instances of sovereign debt crises have demonstrated that this is not always the case.
