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Will Bond Monitoring Groups Be Able to Prevent the Next Debt Crisis?
Summary by El Economista
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NEW YORK – The large and growing budget deficits and rising public debt-to-GDP ratios in advanced economies are shaking markets. Since public debt interest rates have gone from virtually zero (and even negative in some cases) to much higher levels, the increase in short- and long-term bond yields has raised doubts about the sustainability of some public debts and has led many to wonder if a crisis is coming.
·Mexico City, Mexico
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