Debt has come home to roost

The scale of sovereign debt around the world is now so big, it is hard to fathom

8th May, 2010

‘Neither a borrower nor a lender be’ William Shakespeare, Hamlet, Act 1, Scene 3.

The extraordinary developments in European bond markets in recent days arising from the Greek debt crisis have forced a re-think about the ability of many socal led wealthy industrialised countries to work through their debt problems.

The Greek issue has prompted a fresh analysis of the debt challenges facing many western nations in the wake of the financial crisis that hit...

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