ECONOMICS

Debt Hamstrings Recovery

Debt Hamstrings Recovery

Introduction

There is global debate on the subject of countries failing to meet their terms of credit leaving investors empty handed. This has been the story of the global economy throughout and after the recession of 2007. There are nations that have recovered from the economic crisis that caused concern four years ago. But this recovery does not reflect the truth. The fact still remains that some countries, especially in the European Union, have been unable to stand back up on their feet even after they were offered bailout packages. Examples of such countries still crumbling under the ...