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IPFS News Link • Economy - International

World’s Biggest Economies Face $7.6T Debt

• Bloomberg

Governments of the world’s leading economies have more than $7.6 trillion of debt maturing this year, with most facing a rise in borrowing costs.

Led by Japan’s $3 trillion and the U.S.’s $2.8 trillion, the amount coming due for the Group of Seven nations and Brazil, Russia, India and China is up from $7.4 trillion at this time last year, according to data compiled by Bloomberg. Ten-year bond yields will be higher by year-end for at least seven of the countries, forecasts show.


1 Comments in Response to

Comment by PureTrust
Entered on:

Now, who in the world do the Governments of the world owe money debts to? It couldn't be the banks and the IMF (International Monetary Fund), could it?

And whose side are the people who run the world Governments on when the Governments don't individually, or by joint agreement, simply remove the banks? Do you think the governments might be made up of bankers? And maybe the whole debt is just an excuse to extort money from the people in the form of more taxes on us all?

Naw. Government people wouldn't be that mean, would they?