countries, the debt of countries in the Global South has been at a dramatically high level for years. High debt service payments …Triggered by both low interest rates in rich countries and high financing needs for infrastructure in many poorer … great risk. Nevertheless, creditors and their institutions have failed to take determined steps to tackle the crisis …

Greek’s government debt based on Greece meeting certain targets for structural economic reforms in areas such as its labor … market and pensions sector.The authors argue that the position of the European institutions that debt relief for Greece … cannot be part of an agreement is based on the illusion that Greece will be able to service its sovereign debt and reduce its …