'Sovereign Debt Is the Next Big Worry'

Discussion in 'Economics' started by Wallace, Dec 16, 2009.

  1. by Michael Casey Dec 9/09
    "Moody's Investors Service says there's $49.5 trillion of sovereign debt outstanding -- and
    this week, ratings firms, and some jumpy bond traders, have shone a glaring light on it.
    "But none of this is new. A month ago, the International Monetary Fund projected that the
    average debt-to-gross domestic product ratio of the 10 advanced country members of the
    Group of 20 developing and developed nations would mushroom to 118% by 2014."

    is, will there be a debt crisis ?