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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 required…

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