News for 1/3: 2012 could be the year Germany lets the euro die

“Governments of the world’s leading economies have more than $7.6 trillion of debt maturing this year, with most facing a rise in borrowing costs.

Led by Japan’s $3 trillion and the U.S.’s $2.8 trillion, the amount coming due for the Group of Seven nations and Brazil, Russia, India and China is up from $7.4 trillion at this time last year, according to data compiled by Bloomberg. Ten-year bond yields will be higher by year-end for at least seven of the countries, forecasts show.

Investors may demand higher compensation to lend to countries that struggle to finance increasing debt burdens as the global economy slows, surveys show.”

“General Electric Co. and Ally Financial Inc. lead U.S companies that have $620 billion of bonds and loans coming due in 2012 as borrowing costs start to rise from record lows with the economy strengthening.

GE, the world’s largest maker of jet engines, faces $78.7 billion of notes maturing in 2012, the most of any U.S. company, according to data compiled by Bloomberg. Detroit-based Ally has $11.7 billion that needs to be repaid, the largest requirement of any speculative-grade issuer. Borrowers must refinance $498 billion of debt in 2013 and $505 billion in 2014, Bloomberg data show.”

Other headlines:

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  1. Global oil search may cost $595 billion in 2012
  2. Spain, Germany, France Debt Insurance Costs Rise
  3. $96b sale likely to deepen India’s worst bond losses
  4. Ambrose Evans-Pritchard: 2012 could be the year Germany lets the euro die
  5. Billions needed to upgrade America’s leaky water infrastructure
  6. Spain warns deficit could top 8%
  7. Philly schools send layoff notices to 1,400
  8. French banks ‘cutting US staff’
  9. 2012 Medicare debate is all about the baby boomers
  10. Greece warns on euro exit if bailout not signed
  11. Spanish Social-Security System Won’t Record 2011 Surplus
  12. Goldman’s O’Neill Sees Aging Labor in BRICs
  13. Hungary Budget Deficit Amounted to 5.7% of GDP in Third Quarter
  14. Hungary’s New Constitution Triggers Joint Protest by Opposition
  15. Funding gap doubles for US corporate pensions
  16. UK Faces Private Sector Pensions ‘Collapse’


– Saxplayer00o1


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