debtcrisis
Global debt rose by around $1.3 trillion (€1.2 trillion) in the first three months of this year, reaching a new record high of $315 trillion (€293.5), according to a new report by The Institute of International Finance (IIF). After three consecutive quarters of decline, the global debt-to-GDP ratio resumed its upward trajectory from January to March. Emerging markets are driving the trend, claimed the IIF, with the biggest increases coming from China, India and Mexico. Mature markets, whilst they recorded smaller increases, nonetheless have higher levels of indebtedness compared with emerging ...
Euronews (English)
Pressure is mounting for global financial reforms to help developing nations tackle climate change. An open letter was sent to G20 leaders ahead of annual World Bank and International Monetary Fund (IMF) meetings this week. It urges them to end “crippling debt” for developing nations and introduce new measures to “make polluters pay”. Signatories include the former Prime Minister of Denmark Helle Thorning-Schmidt, Former Prime Minister of New Zealand Helen Clark, Paris Agreement architect Christiana Figueres as well as celebrities and other influential figures. The more than 100-strong group o...
Euronews (English)
All right, Life Goal Nation! The United States is drowning in an astronomical debt, currently at a staggering $32.5 trillion. This issue has been in the making for the past 22 years, with governments from both parties contributing to this crisis. In light of the recent debt downgrade, one cannot help but wonder why this continuous debt accumulation has not been effectively tackled by any administration thus far. This article aims to dissect the factors contributing to the US debt crisis, analyze the role of political parties, and explore potential solutions to resolve this insidious spiral of ...
ValueWalk
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