‘Time may be running out’: global debt crisis reaches critical point

[AJBot]

Eclipsed by rich countries’ own problems, a crunch a decade in the making is coming to a headKristalina Georgieva, the managing director of the International Monetary Fund knows it. David Malpass, the World Bank president knows it too. An increasing number of countries are having problems paying their debts, and the crunch point is fast arriving.The looming debt crisis has been a slow-burn affair, more than a decade in the making. It is not the number one issue under discussion at the annual meetings of the World Bank and the IMF in Washington this week, although if rich countries had fewer ...

Continue reading the above news article, by clicking here.

Administration and Moderation NOTE: A Reminder, the above news is provided for free, through a RSS Feed. The above quote does NOT include the full story. In order to continue to read more past what is quoted, please click through to the article, by clicking on the link provided above through the "continue reading" text.

Please be sensible and follow our terms of service and rules, when replying and debating the news article.