debt crisis


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‘No exaggeration…’: Sri Lanka praises India for aiding in ‘regaining stability’

Jaishankar met with top leadership in Sri Lanka, including President Ranil Wickremesinghe, after visiting Maldives as a part of his two-nation tour.

Union foreign affairs minister meets with his Sri Lankan counterpart Ali Sabry during his two-day visit to the country.(Twitter)
Updated on Jan 20, 2023 11:21 AM IST
BySnehashish Roy

Italy struggles for repayment as state-backed debts mountain to $127 Billion

The International Monetary Fund forecasts that the Italian economy will contract 0.2% in 2023. Italian companies had a record €123.2 billion ($127 billion) of Covid-era state-backed credit lines outstanding as of June 30, up from €118 billion in the previous quarter.

These debts are putting the newly formed government of Giorgia Meloni in a quandary.(AP)
Published on Nov 28, 2022 11:56 AM IST
Bloomberg | | Posted by Singh Rahul Sunilkumar

In a first, America's national debt crosses $30 trillion

The latest debt milestone comes at a delicate time of transition for the US fiscal and monetary policy.

US president Joe Biden (File Photo)
Published on Feb 02, 2022 09:57 AM IST
Written by Joydeep Bose | Edited by Amit Chaturvedi, Hindustan Times, New Delhi
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