Magazine
Latest Issue

Is a new debt crisis brewing in the world’s poorest economies?

This could be even trickier to resolve than in the past

By Paul Wallace  

President of Mozambique Filipe Nyusi. In Mozambique public debt has rocketed from

Over the past few years debt crises have struck in unfamiliar places—in developed rather than developing economies. In 2012 Greece became the first advanced country to restructure its debt in more than half a century (ironically, the preceding example in 1953 was Germany, the Greeks’ scourge). Four other countries on the periphery of the eurozone avoided defaulting on their debt but…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect