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Is a Sovereign Debt Crisis Looming?

Is a Sovereign Debt Crisis Looming?

[...] Debt levels increased sharply during the crisis. Moody’s estimates that sovereign debt jumped from 62 percent of world GDP in 2007 to 85 percent in 2009. Over the same period, the average fiscal deficit in the G20 rose from 1 percent of GDP to 7.9 percent.[...]