Articles About Recessino
- Author:
- James I. Clark III
- Posted:
- 02.19.2010
Sovereign Debt Could Be 2010’s Subprime
Greece, Spain, Ukraine, Austria, Latvia and Mexico are among the nations in danger of sovereign debt default, putting the global economic recovery from the recession at risk. Sovereign debt is the debt of nations. For example, U.S. Treasuries are backed by the “full faith and credit” of the government; similarly, other countries sell bonds to […]