ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Debt as Bargain Counter

The agreement in the United States on raising the debt ceiling that was reached at the last minute need not have been a cliffhanger. The broad contours of a deal and whose interests it would serve were known for some time. However, it could be a pyrrhic victory for the powerful financial sector. The downgrade of US debt by one rating agency does not change anything.

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