New York Times (April 17)
2023/ 04/ 18 by jd in Global News
“If one country defaults on its loans, it’s a big problem for its citizens. If a dozen countries default, it’s a big problem for the world.” Nearing the “verge of yet another debt crisis,” world leaders can still act to prevent it. “They should dust off the tool kit that helped end the Latin American debt crisis, especially the measures that convinced creditors to share the pain and accept less than what they were owed.”
Tags: Citizens, Creditors, Debt crisis, Defaults, Latin American, Leaders, Loans, Owed, Pain, Prevent, Tool kit, Verge
