Government intervention at fault for European sovereign-debt crises
Government intervention at fault for European sovereign-debt crises
Sovereign-debt problems may have reached a point beyond remedy — short of default or high rates of inflation.
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Drowning in debt
You can call it the ripple effect, the domino theory or whatever you wish. When applied to debt, it simply means that one thing after another keeps coming, and generally it is not good news. When you are in a tight financial situation, the last thing you need is to add insult to injury.
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