ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Sovereign Default in the Core?

Rising sovereign or sovereignguaranteed debt followed on occasion by sovereign default was until recently a problem faced by developing countries. Now the pattern has turned upside down. It is the metropolitan centres of capitalism which are running up large debts and are experiencing a rapid increase in the public debt-GDP ratio. Some of them may even end up defaulting on this debt.

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