State Finances Worldwide: Governments Borrowing More and More Money
TL;DR
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OECD states' public debt has tripled since 2007 and is projected to reach $61 trillion. The US surpassed $40 trillion in debt in August, leading to rising interest rates on its bonds.
Source: taz.de
Same event
- US Record Debt of 40 Trillion Dollars Worries Economists
- Fear of new debt crisis: Growth must suffice for financial markets
- Growing Debt: State Faces Massive Interest Costs
- Debt fears return
- State Finances Worldwide: Governments Borrowing More and More Money
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