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Smart Reasoning:

C&E

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Qaagi - Book of Why

Causes

Effects

the country(passive) triggered bya sovereign debt

Emerging markets on trackto setsovereign debt record

Politicianscreatemassive sovereign debt

from bonds issued in foreign currencies or through loans from international financial institutions(passive) however ... is createdSovereign debt

originally(passive) was ... createdus sovereign debt

off ... Greece ’s fiscal woes(passive) set ... bysovereign debt crisis

Ireland ’s banking crisis(passive) caused bysovereign debt

foreign gambling ( shorts(passive) created bysovereign debt

③ overexpansion of government debtshas causedsovereign debt crisis

to get their deficits under control enoughto preventsovereign debt downgrades

4.Banking crisis ( plus recessiontriggeredsovereign debt crisis

the issuance of bonds(passive) is created bySovereign debt

when a nation sells bonds(passive) is createdSovereign debt

sovereigns ’ spending(passive) caused bysovereign debt

expenditure in excess of revenue to ameliorate poverty(passive) caused bysovereign debt

personal debtcausessovereign debt

The simultaneous slowdown in growth as credit supply slows , combined with higher state liabilitiesmight triggersovereign debt concerns

a collapsing dollar(passive) caused bysovereign debts

to absorb another recessionsparkingsovereign debt restructurings

the imprudent decision to use the US dollar rather than issuing a local currency(passive) caused bysovereign debt

The Troika ... a € 110 billion loanto preventsovereign debt

banks and banks(passive) has been created bysovereign debt

that a non government entity , an agency , is using seigniorageto createsovereign debt

inflation and nominal default(passive) caused bysovereign debt

Shining star of the Middle East Private Equity News Growing investor familiarity with Islamic bonds and Europe ’shas ledsovereign debt crisis

their insolvency problemsresultingfrom sovereign debt

US Treasury bonds(passive) led bySovereign debt

the artificially juiced economy(passive) caused byUS sovereign debt

the abilityto createsovereign debt

the uncertainty amongst the creditors concerning the sovereign ’s capability(passive) was caused bysovereign debt

The Credit Writedowns Pro Post Framework 2013 risk repricing to be feared since last one in 2009causedsovereign debt crisis

the Greek financial crisis(passive) prompted bysovereign debt

the remainderresultingfrom sovereign debt

as the investigations required by the EU funds and financial institutions that speculated against the euro greek debt - especially through the CDS market - or the strengthening of c ontrols and regulations imposed CDSto createon sovereign debt

Turkish bondsledsovereign debt

running into hundreds of billion dollarsto preventsovereign debt crisis

parliament annually(passive) set bysovereign debt

public profligacy ... i.e. by decision making in the public sector(passive) has ... been caused bysovereign debt

book entry and owed mostly to them(passive) created bysovereign debt

legislation that makes it possible to make money out of nothing , by mass immigration without the right conditions , by subsidies or by expanding government and of course all these so called civil servant loyal agree to the hand that feeds them ( creating their own electoral cattle).In socialism(passive) are created bySovereign Debt

to Inflation , Defaults ( BloombergLeadsto Inflation , Defaults ( Bloomberg

to Defaults ( Correct ) - BusinessWeekLeadsto Defaults ( Correct ) - BusinessWeek

The next financial crisis ... rather than the banks themselves(passive) will be triggered byThe next financial crisis ... rather than the banks themselves

the 2nd Wave of the Global Financial Crisis(passive) Would ... be triggered bythe 2nd Wave of the Global Financial Crisis

from the world economic crisis of Syriaresultingfrom the world economic crisis of Syria

from the world economic crisis of Subsequentlyresultingfrom the world economic crisis of Subsequently

important welfare gainscan createimportant welfare gains

to a second credit crisisleadingto a second credit crisis

from the core economic crisis of Theyresultingfrom the core economic crisis of They

from the financial and economic crisisresultingfrom the financial and economic crisis

The uncertainty and volatility(passive) created byThe uncertainty and volatility

from the world economic crisis of The weak Fourth Republicresultingfrom the world economic crisis of The weak Fourth Republic

a crisis in social and infrastructural spendinghas createda crisis in social and infrastructural spending

the next Cloward - Piven crisis(passive) being caused bythe next Cloward - Piven crisis

a ‘ new phase ' in the crisiscould triggera ‘ new phase ' in the crisis

to Defaults SHOOTLeadsto Defaults SHOOT

to uncertainty in the market for much of the past quarterhas ledto uncertainty in the market for much of the past quarter

to higher inflation and government defaultswill leadto higher inflation and government defaults

to change in the perception of EMU sovereign debt marketledto change in the perception of EMU sovereign debt market

economic problems in the futurecould causeeconomic problems in the future

to problems of many kindscan contributeto problems of many kinds

from the world economic crisis of The meeting reportedly featured high on the means to foster trade exchange between Lebanon and Romaniaresultingfrom the world economic crisis of The meeting reportedly featured high on the means to foster trade exchange between Lebanon and Romania

to higher interest ratesleadingto higher interest rates

The eurozone crisis is a major issue among academia and society , which is having a large impact on the world economy(passive) was triggered byThe eurozone crisis is a major issue among academia and society , which is having a large impact on the world economy

to drastic cutbacks in public spending ... impacting on LCT investmentshas ledto drastic cutbacks in public spending ... impacting on LCT investments

high asset correlation and synchronized bubble(passive) led byhigh asset correlation and synchronized bubble

stagnation and financial turmoil in France and Germanycould causestagnation and financial turmoil in France and Germany

off a bond crisis at the heart of the global economy Taxpayers ' money given to corrupt charities Governmentto setoff a bond crisis at the heart of the global economy Taxpayers ' money given to corrupt charities Government

significant instabilityare creatingsignificant instability

specifically to solve economic problems and stimulatethe market economywas createdspecifically to solve economic problems and stimulatethe market economy

Eurozone collapsetriggeredEurozone collapse

this market crashwill causethis market crash

to the market troublescontributedto the market troubles

the market disruptions(passive) caused bythe market disruptions

global recession(passive) caused byglobal recession

another recessioncausinganother recession

investors to shun all but the safest securitiescausedinvestors to shun all but the safest securities

significant volatility in the randmay causesignificant volatility in the rand

turbulence on financial marketscausingturbulence on financial markets

to taxes and possibly warleadsto taxes and possibly war

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Smart Reasoning:

C&E

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