Debt can drive people to kill themselves, and countries to go to war – but it can also be positive: if it makes you invest and move the economy forward. How much debt can your put yourself in?
Crisis-plagued Venezuela has suffered another blow as a committee of creditors has ruled that state oil company PDVSA defaulted on its debt — a decision that triggers payment of default insurance to investors.
The International Monetary Fund (IMF) has warned about Zimbabwe's "very difficult" economic situation, saying it's threatened by high government spending, an untenable foreign exchange regime and inadequate reforms.
Following months of violent protests, Venezuela is meeting with creditors to discuss ways out of what seems to be inevitable default. Meanwhile, the EU slapped a new set of sanctions on the South American nation.
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