A global debt crisis is looming – how can we prevent it? | Curio

A global debt crisis is looming – how can we prevent it?

8 mins | Aug 10, 2020

Low — and middle-income countries still have to pay $130bn in debt service. "A global debt crisis today will push millions of people into unemployment and fuel instability and violence around the world. Many will seek jobs abroad, potentially overwhelming border-control and immigration systems in Europe and North America. Another costly migration crisis will divert attention away from the urgent need to address climate change. Such humanitarian emergencies are becoming the new norm." Joseph Stiglitz and Hamid Rashid comment for the Guardian.

publisher logo

From The Guardian