Opinion: Government debt is the new subprime

Opinion: Government debt is the new subprime
Without widespread adoption of austerity, a global debt crisis, similar to the European sovereign debt crisis of 2012, is a realistic possibility in the next five years. I’ve often heard people say things like “this country cannot default because no …
Read more on MarketWatch

Fitch Affirms IBA and Pasha Bank; Downgrades AccessBank on Sovereign Action
(The following statement was released by the rating agency) MOSCOW, March 09 (Fitch) Fitch Ratings has affirmed International Bank of Azerbaijan’s (IBA) and Pasha Bank’s Long-term Issuer Default Ratings (IDRs) at ‘BB’ and ‘BB-‘, respectively. … KEY …
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Venezuela on collision course for default crisis
Venezuela is rapidly heading for a showdown between its socialist government and the centre-right opposition that is likely to end up with the crisis-ridden country defaulting on its debt. Nicolás Maduro, the country’s discredited and increasingly …
Read more on Financial Times

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