Is it time for 'the big default'? Dozen countries moving towards economic collapse
A record number of developing countries are now in difficulty, according to traditional debt crisis indicators like collapsing currencies, 1,000 basis point bond spreads, and burnt foreign exchange reserves. Rising borrowing prices, inflation, and debt all fuel concerns of an economic collapse, with the result that Lebanon, Sri Lanka, Russia, Suriname, and Zambia are already in default, Belarus is on the verge of default, and at least another dozen countries are in danger of default.
Source: wionews.com
