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?
Its headquarters was once the tallest building in the world, but Sears’ heyday is now far in the rearview mirror as it files for bankruptcy. The rise of e-commerce has hastened its demise and its future is uncertain.
As Mozambique's hidden debt scandal continues, groups are pushing for the secret loans that triggered the financial crisis to be declared illegal.
The Greek prime minister has described a "day of redemption" after his country's bailout program officially ended. Greece's debt crisis was characterized by austerity, high unemployment and rampant poverty.
A war of words between the EU and Italy over its budget plan escalated on Monday, as Brussels reminded the government in Rome that its proposal must meet the bloc's rules. The future of the euro could be at stake.
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