Comment on Sovereign debt tops IMF worries

Sovereign debt tops IMF worries

Spiralling sovereign debt in Europe, the US, and Japan has emerged as the top threat to the world economy and risks setting off a fresh financial storm, the International Monetary Fund has warned. "The crisis has led to a deteriorating trajectory for debt burdens and sharply higher sovereign risk. Vulnerabilities now increasingly emanate from concerns over the sustainability of governments' balance sheets," said the Fund's Global Financial Stability Report.

 

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