Global slowdown could reveal other untenable debt burdens: IIF
Greek crisis a study in restructuring debt, policy actions, market expectations and pricing of risk
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Tokyo
THE Greek crisis may not be the only threat on the horizon, given the weak overall outlook for the global economy, where slowing growth could expose further unsustainable debt burdens, the Institute of International Finance (IIF) has warned.
The Washington-based body suggested in its latest Capital Markets Monitor: "With countries around the world facing the problem of high debt and low nominal growth in gross domestic product (GDP), some recent lessons from Greece, Ukraine and Puerto Rico should be taken into account for future debt restructurings."
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