SYDNEY and KUALA LUMPUR, Aug 13 (IPS) – Developing country debt has continued to grow rapidly since the 2008-2009 global financial crisis (GFC). Warnings against debt have been reiterated by familiar prophets of debt doom such as new World Bank chief economist, Carmen Reinhart, once dubbed the ‘godmother of austerity‘.
SYDNEY and KUALA LUMPUR, Aug 13 (IPS) – Developing country debt has continued to grow rapidly since the 2008-2009 global financial crisis (GFC). Warnings against debt have been reiterated by familiar prophets of debt doom such as new World Bank chief economist, Carmen Reinhart, once dubbed the ‘godmother of austerity’.Read the full story, “Debt Hawks Detract from Urgently Needed Fiscal Recovery Efforts”, on globalissues.org →