Debt can drive people to despair and countries to go to war. But it also can be beneficial, for example when it’s an investment that boosts the economy. How much debt can we afford?
G8 countries cancelled the debts of 18 African countries in 2005. But many of these countries now face bankruptcy again. Is China really to blame, as many in the West believe?
The man who became synonymous with Germany's insistence on austerity during the eurozone debt crisis wants the bloc to have a common budget and finance minister. He also thinks decision-making should be streamlined.
With the US and other countries throwing their weight behind Juan Guaido as Venezuela's legitimate leader, time seems up for the Maduro government. But keeping the debt-ridden country afloat will prove a massive task.
Heightened security concerns on the continent have been just one reason for a sharp drop in China's investment activities across Europe. A fresh study shows, though, that German firms remain coveted takeover targets.
© 2019 Deutsche Welle |
Legal notice |
| Mobile version